The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Advance America, Cash Advance Centers, Inc. in Connection With the Sale of the Company to Grupo Elektra, S.A.B. de C.V.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/21/12 -- Levi & Korsinsky notifies investors of Advance
America, Cash Advance Centers, Inc. ("Advance America " or the "Company")
(NYSE: AEA) of claims of breaches of fiduciary duty and other violations of
state law against the Board of Directors of the Company in connection with
the sale of the Company to Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA.MX).
Under the terms of the agreement, Advance America shareholders will receive
$10.50 per share of Advance America stock they own. The transaction has a
total approximate value of $780 million. A complaint was filed in Delaware
state court.
Click here to learn how to join the action:
, or call: 877-363-5972. There is no
cost or obligation to you.
The claims concern whether the Advance America Board of Directors breached
their fiduciary duties to Advance America stockholders by failing to
adequately shop the Company before entering into this transaction and
whether Grupo Elektra, S.A.B. de C.V. is underpaying for Advance America
shares, thus unlawfully harming Advance America stockholders. In
particular, at least one analyst set a price target of $11.00 per Advance
America share.
If you own common stock in Advance America and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972,
.
Levi & Korsinsky has extensive expertise in prosecuting investor securities
litigation involving financial fraud and represents investors throughout
the nation, concentrating its practice in securities and shareholder
litigation. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 21.02.2012 - 11:27 Uhr
Sprache: Deutsch
News-ID 1085117
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