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Advance America, Cash Advance Centers Inc. Message Board

  • kovted kovted Feb 16, 2012 8:38 AM Flag

    ACQUSITION - SHAREHOLDER INVESTIGATION

     

    FYI...

    Tripp Levy PLLC Investigates Acquisition of Advance America

    NEW YORK, Feb. 16, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, notifies investors of Advance America of potential claims of breaches of fiduciary duty and other violations of state law against the board of directors of Advance's in connection with the sale of the company to Grupo Elektra. It was announced today that Grupo will acquire all of the outstanding common stock of Advance for only $10.50 per share.

    The investigation concerns whether the Advance's Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the company before entering into this transaction and whether Grupo is underpaying for Advance’s shares, thus unlawfully harming stockholders.

    If you own Advance’s common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

    Tripp Levy
    Tripp Levy PLLC
    125 East 82nd Street
    9th Floor
    New York, New York
    Toll Free: 877-772-3975
    Email: contact@tripplevy.com

    Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
    SOURCE Tripp Levy PLLC

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