Science & Technology
Wed, February 9, 2011Tue, February 8, 2011Mon, February 7, 2011Sun, February 6, 2011Sat, February 5, 2011Fri, February 4, 2011Thu, February 3, 2011Wed, February 2, 2011Tue, February 1, 2011Mon, January 31, 2011The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Answer
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Published in Science and Technology on Friday, February 4th 2011 at 9:05 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Answers.com (Nasdaq: ANSW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AFCV Holdings, Inc. (aAFCVa). Under the terms of the transaction, Answers.com stockholders will receive $10.50 in cash for each outstanding share of common stock they own for a total transaction value of approximately $127 million. Holders of Answers.com Series A and Series B convertible preferred stock will also be entitled to a cash consideration based on the amount of common stock into which those shares are convertible at the time of the merger.
Click here to learn more about this investigation: [ http://www.zlk.com/answers-com-answ.html ], or call: 877-363-5972.
The investigation concerns whether the Answers.com Board of Directors breached their fiduciary duties to Answers.com stockholders by failing to adequately shop the Company before entering into this transaction and whether AFCV is underpaying for Answers.com shares, thus unlawfully harming Answers.com stockholders.
If you own common stock in Answers.com and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/answers-com-answ.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
