Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Answers.com
08 Février 2011 - 9:01PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Answers.com (NASDAQ: ANSW) (referred to as "Answers"
or the “Company”) by AFCV Holdings, LLC (“AFCV”) in a cash
transaction valued at approximately $127 million.
Under the terms of the agreement, Answers common stock
shareholders will receive $10.50 in cash for each outstanding share
of common stock they own. The holders of Series A and Series B
convertible preferred stock will also be entitled to receive cash
consideration based on the number of the common stock into which
those shares are convertible at the time of the merger.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of Answers stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of Answers and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (212) 213-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Answers.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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