March 4, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of API Technologies Corp (NASDAQ:ATNY), was announced concerning whether the takeover of API Technologies by affiliate of private equity firm J. F. Lehman & Company for $2.00 per share is unfair to NASDAQ:ATNY stockholders.

The investigation by a law firm concerns whether certain directors of API Technologies Corp (breached their fiduciary duties owed to NASDAQ:ATNY investors in connection with the proposed acquisition.

On February 29, 2016 API Technologies Corp (NASDAQ:ATNY) announced an agreement providing for API Technologies Corp to be acquired by an affiliate of private equity firm J. F. Lehman & Company. Under the terms of the agreement, a newly formed affiliate of JFLCO will acquire all of the outstanding shares of API Technologies' common stock for $2.00 per share in cash in a merger transaction.

However, given that at least one analyst has set the high target price for NASDAQ:ATNY shares at $3.75 per share, the investigation concerns whether the offer is unfair to NASDAQ:ATNY stockholders. More specifically, the investigation concerns whether the API Technologies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.