INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of DIRECTV & Its Board of Directors In Connection With the Sale...
May 20 2014 - 11:46AM
Business Wire
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, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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