DIRECTV SHAREHOLDER ALERT: Proposed Sale of DIRECTV Being Investigated by Johnson & Weaver, LLP
May 18 2014 - 11:30PM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of DIRECTV
(NASDAQ: DTV), a digital television entertainment services company,
breached their fiduciary duties in connection with the proposed
sale of the Company to AT&T (NYSE: T).
Additional Information:
On May 18, 2014, DIRECTV and AT&T entered into an agreement
whereby AT&T will acquire DIRECTV. Under the terms of the
agreement, DIRECTV shareholders will receive $95.00 per share,
comprised of $28.50 per share in cash and $66.50 per share in
AT&T stock.
Nationally recognized Johnson & Weaver, which focuses its
practice on shareholder rights, is investigating whether the
proposed deal price represents adequate consideration, especially
given the Company’s recent success and prospects for future growth.
DIRECTV has recently reported outstanding financial results and
future forecasts look even brighter. Most analysts expect double
digit earnings per share growth over the course of the next two
years.
Johnson & Weaver is also investigating whether the Company’s
directors thoroughly considered alternatives to the proposed
acquisition, such as continuing on as an independent company or
pursuing a deal with another company. If you are a shareholder of
DIRECTV and believe (1) the proposed buyout price is too low or
(2) you are interested in learning more about the investigation or
your legal rights and remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California and New York. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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