SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Alliance Fiber Optic Products, Inc. Buyout
April 15 2016 - 2:34PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Alliance Fiber
Optic Products, Inc. (NASDAQ GM: AFOP)?
- Did you purchase any of your shares
prior to April 8, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Alliance
Fiber Optic Products, Inc. (“AFOP” or the “Company”) (NASDAQ GM:
AFOP) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Corning Incorporated (“Corning”) (NYSE: GLW), in
a transaction valued at approximately $305 million.
Click here to learn more:
http://rigrodskylong.com/investigations/alliance-fiber-optic-products-inc-afop.
Under the terms of the agreement, shareholders of AFOP will
receive $18.50 in cash for each share of AFOP common stock.
The investigation concerns whether AFOP’s board of directors
failed to adequately shop the Company and obtain the best possible
value for AFOP shareholders before entering into an agreement with
Corning. According to Yahoo! Finance, at least one analyst has
issued a price target for AFOP stock at $20.00 per share.
If you own the common stock of AFOP and purchased your shares
before April 8, 2016, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/alliance-fiber-optic-products-inc-afop.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160415005847/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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