SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of American Capital Ltd. & Encourages Inves...
24 Maio 2016 - 11:10PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of American Capital, Ltd. (Nasdaq:
ACAS) (“American Capital” or the “Company”) relating to the
proposed buyout of American Capital by Ares Capital Corp.
(“Ares”)
Under the terms of the agreement, American Capital shareholders
are anticipated to receive $8.86 in cash and 0.483 shares of Ares
per American Capital share owned, worth approximately $17.40. The
firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock, especially given that, according to Yahoo! Finance, at
least one Wall Street analyst has issued a price target for
American Capital stock at $18.00 per share.
If you currently own common stock of American Capital and
believe that the proposed buyout price is too low, or you would
like to learn more about the investigation being conducted by
Brower Piven, please visit our website at
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 have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160524006703/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
American Capital Strategies (NASDAQ:ACAS)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
American Capital Strategies (NASDAQ:ACAS)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024
Notícias em tempo-real sobre American Capital, Ltd. da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de American Capital, Ltd. (MM)