ALLIANCE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Alliance Fiber Optic Products Inc. (AFOP) ov...
April 14 2016 - 4:36PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Alliance Fiber Optic
Products Inc. (“Alliance” or the “Company”) (NASDAQ:AFOP) for
potential breaches of fiduciary duties in connection with the sale
of the Company to Corning Inc. for approximately $305 million in an
all-cash transaction.
The Company’s stockholders will only receive $18.50 for each
share of Company common stock they own. However, this consideration
is below at least one analyst’s price target of $20.00 per share
and Alliance’s 52-week high of $22.35 per share.
Click here for more information:
www.faruqilaw.com/AFOP. There is no cost or
obligation to you.
The investigation focuses on whether Alliance’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Alliance’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Alliance and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/AFOP or contact Juan
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160414006598/en/
Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
(877) 247-4292Phone: (212) 983-9330
Alliance Fiber Optic (NASDAQ:AFOP)
Historical Stock Chart
From Sep 2024 to Oct 2024
Alliance Fiber Optic (NASDAQ:AFOP)
Historical Stock Chart
From Oct 2023 to Oct 2024