Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Wednesday, May 13, 2015
Faruqi & Faruqi Investigation: AOL, Inc.
AOL, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of AOL, Inc. Over the Proposed Sale of the Company to Verizon Communications, Inc. - AOL
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AOL, Inc. (“AOL” or the “Company”) (NYSE: AOL) for potential breaches of fiduciary duties in connection with the sale of the Company to Verizon Communications, Inc. (“Verizon”) (NYSE: VZ) for approximately $4.4 billion. The Company’s stockholders will receive $50 in cash for each share of AOL common stock they own. Analysts have set price targets as high as $67 per share of AOL, $17 higher than the valuation the deal gives to the same shares.
The investigation focuses on whether AOL’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of AOL’s shareholders.
If you own common stock in AOL and wish to obtain additional information and protect your investments free of charge, please contact Faruqi & Faruqi's Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.