Science & Technology
Science and Technology
Science and Technology 
Wed, May 4, 2011
Tue, May 3, 2011
Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of SAVVIS, Inc. - SVVS
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SAVVIS, Inc.(aSAVVISa or the aCompanya) (NasdaqGS: SVVS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CenturyLink, Inc. (aCenturyLinka) (NYSE: CTL) for approximately $2.5 billion in cash and stock. The proposed transaction offers SAVVIS shareholders $30 a share in cash and $10 in shares of CenturyLink stock. According to Yahoo! Finance, at least one financial analyst values the Company at $46 per share.
Request more information now by clicking here: [ www.faruqilaw.com/SVVS ]
Whether the SAVVISa™ Board of Directors breached their fiduciary duties to SAVVISa™ stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues SAVVISa™ shares and by how much this proposed transaction undervalues the Company to the detriment of SAVVIS shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in SAVVIS and wish to obtain additional information, please visit us at [ www.faruqilaw.com/SVVS ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
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