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Law Office of Brodsky & Smith, LLC Announces Investigation of Airvana, Inc.

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  Published in Science and Technology on Friday, December 18th 2009 at 16:15 GMT by Market Wire
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BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Airvana, Inc. ("Airvana" or the "Company") (Nasdaq: AIRV) relating to the proposed acquisition by a newly formed company to be owned by affiliates of S.A.C. Private Capital Group, LLC, GSO Capital Partners LP, Sankaty Advisors LLC, and ZelnickMedia. The all-cash deal is valued at approximately $530 million.

Under the proposed agreement, Airvana shareholders will receive $7.65 for every share of Airvana common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Airvana board's approval of the proposed acquisition. The transaction appears to be unfair, in part, given that Airvana stock was trading at $7.00 a share as recently as October 22, 2009 and was trading at $6.98 a share on September 21, 2009.

If you own shares of Airvana and wish to discuss the legal ramifications of the proposed acquisition, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ clients@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.