MANAGEMENT BUYOUT OF ASIAINFO - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
May 13, 2013
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the Board of Directors of AsiaInfo-Linkage, Inc. (“AsiaInfo-Linkage” or the “Company”) (ASIA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a consortium of investors led by CITIC Capital Partners and Edward Tian, the Company’s co-founder.
Under the terms of the transaction, AsiaInfo-Linkage shareholders will receive $12 for each share of AsiaInfo-Linkage stock they own. The investigation concerns whether the AsiaInfo-Linkage Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, whether the consortium is underpaying for AsiaInfo-Linkage stock, thus unlawfully harming AsiaInfo-Linkage shareholders. In particular, AsiaInfo-Linkage has a reported book value of $14.25 for the most recent quarter.
If you own common stock in AsiaInfo-Linkage and wish to obtain additional information, please contact us at 1-877-772-3975 or email at contact @ tripplevy
Tripp Levy PLLC is a national firm and has recovered millions of dollars for shareholders in similar actions around the globe.