MANAGEMENT BUYOUT - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
Tripp Levy PLLC, a leading shareholder rights law firm, announces that it is investigating the acquisition of Giant Interactive Group Inc. on behalf of shareholders. It was announced that the Chairman of the Board is buying the remaining shares of the company that he does not already own for only $12 per share.
The investigation concerns whether the board breached its fiduciary duties by allowing the sale of the company at this unfairly low price, whether there is a conflict of interest on the part of the board and Chairman, whether the price of $12 is unfairly low and whether the Chairman is acting for his own self interests at the expense of shareholders.
If you are a shareholder of Giant and would like additional information regarding this investigation as well as how you can participate with other shareholders in seeking a higher price for no cost or expense please contact us via email at contact @ tripplevy or visit our website at tripplevy.