INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Alliance Fiber Optic Products, Inc. & Encou...
April 11 2016 - 2:39PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that it has commenced an
investigation into possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Alliance Fiber
Optic Products, Inc. (Nasdaq: AFOP) (“Alliance” or the “Company”)
relating to the proposed buyout of the Company by Corning
Incorporated.
Under the terms of the agreement, Alliance stockholders will
receive $18.50 a share in cash for each share of Alliance common
stock held. The firm’s investigation seeks to determine, among
other things, whether the Company’s Board of Directors failed to
satisfy their duties to shareholders, including whether the Board
adequately pursued alternatives to the acquisition and whether the
Board obtained the best price possible for the Company’s shares of
common stock, especially given that according to Yahoo! Finance, at
least one Wall Street analyst has issued a price target for
Alliance Fiber stock at $20.00 per share.
If you currently own the Company’s common stock and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160411006225/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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