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Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Airvana, Inc.

^{Published on 2009-12-21 14:45:16 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of the common stock of Airvana, Inc. ("Airvana" or the "Company") (Nasdaq: AIRV) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company's Board of Directors to allow the Company to be acquired 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 in a cash transaction valued at approximately $7.65 per Airvana common share, or $530 million in the aggregate.

The current investigation concerns the price to be paid to Airvana shareholders and the process by which Airvana's Board of Directors is addressing the transaction, including whether Airvana's Board of Directors breached its fiduciary duties to the Company's shareholders by agreeing to sell the Company at an unfair price. Whereas Airvana's shareholders will receive $7.65 per share under the terms of the proposed transaction, Airvana common stock was trading at over $7.00 per share as recently as October 22, 2009.

If you own the common stock of Airvana and wish to obtain additional information about this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to [ ssbny@aol.com ] or by writing to Stull, Stull & Brody, 6 East 45^th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

Attorney advertising. Prior results do not guarantee a similar outcome.