Science & Technology
Science and Technology
Science and Technology
Tue, January 24, 2012
The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of AsiaInfo-Linkage, Inc. Concerning the Receipt of a Going P
AsiaInfo-Linkage, Inc. Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP... -- DALLAS, Jan. 24, 2012 /PRNewswire/ --
AsiaInfo-Linkage, Inc. Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of AsiaInfo-Linkage, Inc. Concerning the Receipt of a Going Private Proposal from Power Joy (Cayman) Limited
DALLAS, Jan. 24, 2012 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating potential claims against the Board of Directors of AsiaInfo-Linkage, Inc. ("AsiaInfo" or "ASIA") (NASDAQ: [ ASIA ]) concerning the board's receipt of an unsolicited acquisition proposal from Power Joy (Cayman) Limited, a wholly owned subsidiary of CITIC Capital China Partners II, LP ("Power Joy"). Under the going private proposal, Power Joy seeks to acquire all of the remaining shares of AsiaInfo common stock for an undisclosed cash price.
(Logo: [ http://photos.prnewswire.com/prnh/20111111/DA05320LOGO ])
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to the determination of the fairness of the proposed transaction, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The investigation centers on whether AsiaInfo's Board of Directors is acting in the shareholders' best interests, whether the board is properly negotiating the highest share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Specifically, on January 19, 2011, the day before AsiaInfo announced its receipt of the proposal, AsiaInfo's shares closed at $9.92 per share, and, according to Yahoo! Finance, at least one analyst has set a target price of $30.00 per share for AsiaInfo/ASIA shares.
[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
SOURCE Powers Taylor, LLP
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