SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf
of Investors of Ameristar Casinos, Inc. - ASCA
NEW YORK, Dec. 21, 2012 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross
LLP is investigating claims on behalf of investors of Ameristar
Casinos, Inc. ("Ameristar" or the "Company")(NASDAQ: ASCA)(ISIN:
US03070Q1013) (CUSIP: 03070Q101) concerning the proposed
acquisition of Ameristar Casinos, Inc. by Pinnacle Entertainment,
Inc. in a transaction valued at approximately $2.8 billion in cash.
The investigation concerns whether the Ameristar directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the agreement, Ameristar shareholders will be entitled to receive
$26.50 per share in cash for each
share of Ameristar common stock. However, an analyst recently
set a target price of $27.00 per
share.
Ameristar shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders
for the following companies: Arbitron Inc., Caribou Coffee Company,
Inc., Net1 Ueps Technologies, Inc., Epoch Investment Partners,
Inc., Hi-Crush Partners LP, Intermec, Inc., SandRidge Energy, Inc.,
Abiomed, Inc., Universal Technical Institute, and Clearwire
Corporation.
The Pomerantz Firm, with offices in New York, Chicago and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
SOURCE Pomerantz Grossman Hufford
Dahlstrom & Gross LLP