WeissLaw LLP Investigates Ameristar Casinos, Inc. Acquisition
December 21 2012 - 3:09PM
Business Wire
WeissLaw LLP, a national class action and shareholder rights law
firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Ameristar Casinos,
Inc. (“Ameristar” or the “Company”) (NASDAQ GS: ASCA) arising from
its agreement for Ameristar to be acquired by Pinnacle
Entertainment, Inc. (“Pinnacle”) (NYSE: PNK), in a transaction
valued at approximately $2.8 billion. Under the terms of the
proposed transaction Ameristar shareholders will receive $26.50 in
cash for each Ameristar share they own. This price is below the
target price set by certain securities analysts.
WeissLaw LLP is investigating whether Ameristar’s Board acted in
the best interests of its public shareholders by actively shopping
the Company to maximize shareholder value for Ameristar’s public
shareholders, prior to entering into the proposed transaction with
Pinnacle. If you own Ameristar shares and would like more
information about your rights as a shareholder or additional
information concerning our investigation, please contact Joshua M.
Rubin either by email at info@weisslawllp.com or by telephone at
(888) 593-4771.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslawllp.com or fill out the form on our
website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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