Science & Technology
Sat, January 21, 2012
NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential claims against the board of directors of AsiaInfo-Linkage, Inc. (aAsiaInfoa or the aCompanya) (NASDAQ: ASIA) concerning possible breaches of fiduciary duty and other violations of law related to the Companyas receipt of a going private proposal from Power Joy (Cayman) Limited ("Power Joy"), a wholly owned subsidiary of CITIC Capital China Partners II, L.P., pursuant to which Power Joy proposes to acquire all of the outstanding shares of common stock of AsiaInfo-Linkage in cash at a price which represents a premium over the current stock price (the "Proposal").
The investigation concerns the board of directorsa process for consideration of the proposed transaction, and whether the proposed consideration to be paid to AsiaInfoas shareholders would be fair and adequate. Indeed, the company is currently trading below its book value per share ($12.31), and analysts have projected the true going forward value of the company is worth as much as $30 per share.
If you own the common stock of AsiaInfo and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us toll free at 877-772-3975 or email at [ contact@tripplevy.com ]
Attorney advertising. Prior results do not guarantee a similar outcome.
