SHAREHOLDER ALERT: Brower Piven Announces the Investigation of AutoNavi Holdings Limited over the Proposed Sale of the Compan...
April 11 2014 - 12:15PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
AutoNavi Holdings Limited (“AutoNavi” or the “Company”) (Nasdaq:
AMAP) and other violations of state law by the board of directors
of AutoNavi relating to the proposed buyout of the Company by
Alibaba Group Holding Limited (“Alibaba”).
Under the terms of the transaction, Alibaba will pay $5.25 per
share to AutoNavi stockholders, or $21 per American depositary
share. The firm’s investigation seeks to determine, among other
things, whether the Company’s board of directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into this transaction, and whether Alibaba is
underpaying for AutoNavi shares.
If you currently own common stock of AutoNavi and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, click here:
http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Attorneys at Brower Piven together have more than a
century of experience litigating securities and other class action
cases.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
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