BALA CYNWYD, Pa., April 8, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Alliance Fiber
Optic Products, Inc. ("Alliance" or "the Company") (Nasdaq-
AFOP-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Corning Incorporated. ("Corning").
Click here to learn more about the investigation
http://brodsky-smith.com/1056-afop-alliance-fiber-optic-products-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Alliance shareholders will
receive only $18.50 in cash for each
share of Alliance stock they own. The investigation concerns
whether the Board of Alliance breached their fiduciary duties
to shareholders and whether Corning is underpaying for the Company.
The transaction may undervalue the Company and would result in a
loss for many Alliance shareholders. For example, Alliance stock
traded at $21.73 per share on
June 23, 2015 and an analyst has set
a $20.00 per share price target for
Alliance stock.
If you own shares of Alliance and wish to discuss the legal
ramifications of the investigation, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who
will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/1056-afop-alliance-fiber-optic-products-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC