NEW YORK, May 19, 2014 /PRNewswire/ -- Levi & Korsinsky
is investigating the Board of Directors of DIRECTV ("DIRECTV" or
"the Company") (NasdaqGS: DTV) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to AT&T, Inc. ("AT&T") (NYSE: T).
Click here to learn more about the investigation:
http://zlk.9nl.com/directv-dtv, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction, DIRECTV shareholders will
receive $28.50 in cash and 1.905
shares of AT&T common stock for each share of DIRECTV stock
they own, representing a value of approximately $95.00 per share. The stock portion is subject to
a collar dependent on the per share price of AT&T stock at the
time of the closing. The investigation concerns whether the DIRECTV
Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether AT&T is underpaying for
DIRECTV shares. In particular, at least one financial analyst set a
price target for DIRECTV stock at $100.00 per share.
If you own DIRECTV common stock and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/directv-dtv.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP