Ryan & Maniskas, LLP Announces Investigation of Advance America, Cash Advance Centers, Inc.
17 Février 2012 - 4:12PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/aea) is
investigating potential claims against the board of directors of
Advance America, Cash Advance Centers, Inc. (“Advance America” or
the "Company") (NYSE: AEA) concerning possible breaches of
fiduciary duty and other violations of law related to the Company’s
efforts to sell Advance America to Grupo Elektra, S.A.B. de C.V. in
a transaction valued at approximately $780 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Advance America. For more information
regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or
by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/aea.
Under the terms of the transaction, Advance America shareholders
will receive $10.50 in cash for each share of Advance America stock
they own.
If you own shares of Advance America and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or
to sign up online, visit: www.rmclasslaw.com/cases/aea. You may
also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more
information about class action cases in general, please visit our
website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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