Fuel Systems Solutions Co-Founder Summarizes Significant Concerns Regarding Flawed Westport Transaction
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Beneficial Owner of Approximately 8.7% of Outstanding Fuel Systems Shares Will Vote AGAINST the Amended Merger Agreement
CHERASCO, Italy--(BUSINESS WIRE)-- Pier Antonio Costamagna, a co-founder of Fuel Systems Solutions, Inc. (“FSS”) (NASDAQ: FSYS) today commented on his continued significant concerns regarding the clear lack of value in a combination of FSS and Westport Innovations, Inc. (“Westport”) (TSX:WPT / NASDAQ: WPRT). Mr. Costamagna has sole voting power over 1,576,043 shares of FSS common stock, representing approximately 8.7% of outstanding shares and he intends to vote AGAINST the merger at the FSS stockholder meeting scheduled for Tuesday, May 31, 2016. He noted a summary of critical points informing his decision.
NO PREMIUM, UNCERTAIN FUTURE WITH WPRT, HIGH RISK OF INSOLVENCY |
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LIMITED DOWNSIDE TO REJECTION |
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160527005332/en/
Abernathy MacGregor
Pat Tucker, 212-371-5999
[email protected]
or
Cia
Williams, 212-371-5999
[email protected]
Source: Pier Antonio Costamagna
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