NEW YORK, June 30, 2016 /PRNewswire/ -- On June 29, 2016, Diamond Resorts International,
Inc. (NYSE: DRII) announced that it is being acquired by affiliates
of the private equity firm, Apollo Global Management, LLC (NYSE:
APO) for $30.25 per share.
According to Carl Stine, who is a
partner at Wolf Popper LLP, "With ownership of 37%, it is not
surprising that the management of Diamond, which will undoubtedly
end up teaming up with Apollo, has decided to sell the company at a
discount by taking advantage of the stock's recent temporary price
decline."
Wolf Popper is investigating
claims on behalf of investors in Diamond concerning the
transaction. Diamond's shareholders seeking more information
about the transaction or Wolf
Popper's investigation can contact Mr. Stine at (212)
759-4600 or cstine@wolfpopper.com.
Wolf Popper has extensive
experience representing investors in mergers and acquisition
lawsuits and has successfully ensured that investors receive the
maximum compensation. Twelve Wolf Popper attorneys were named
Rising Stars or Super Lawyers in the 2015 Super Lawyers New York
City Metro Edition, including Wolf
Popper partner Carl Stine,
who was included in the Super Lawyers Top 100 List for the
New York City Metro area.
View Wolf Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP