October 20, 2014 (Shareholders Foundation) - An investor, who currently holds shares of Viasystems Group, Inc. (NASDAQ:VIAS), filed a lawsuit in effort to halt the proposed takeover of Viasystems Group, Inc. by TTM Technologies, Inc.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:VIAS stockholders by agreeing to sell Viasystems Group, Inc too cheaply via an unfair process to TTM Technologies, Inc.

On September 22, 2014, TTM Technologies, Inc. (NASDAQ: TTMI) and Viasystems Group, Inc. (NASDAQ: VIAS) announced the execution of an agreement under which TTM Technologies, Inc will acquire all outstanding shares of Viasystems Group, Inc. for a combined consideration of $11.33 in cash and 0.706 shares of TTM Technologies, Inc common stock, which based on the closing market price on September 19, 2014 was valued at $16.46 per Viasystems Group, Inc share, or approximately $368 million. The total enterprise value of the transaction, including the assumption of debt, is approximately $927 million.

However, the plaintiff claims that the offer is too low and undervalues Viasystems Group, Inc. Indeed, at least one analyst has set the target price for NASDAQ:VIAS shares at $16.50 per share. Viasystems Group, Inc reported that its annual Total Revenue rose from $929.25 million in 2010 to over $1.71 billion in 2013.

On October 17, 2014, NASDAQ:VIAS shares closed at $15.21 per share.