SAN DIEGO, June 7, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of AV Homes, Inc. (NASDAQ: AVHI)
("AV Homes") breached their fiduciary duties in connection with the
proposed sale of the Company to Taylor Morrison Home Corporation
(NYSE: TMHC) ("Taylor
Morrison"). AV Homes engages in the homebuilding and
community development businesses in Florida, the Carolinas, Arizona, and Texas markets.
On June 7, 2018, AV Homes
announced that it had signed a definitive merger agreement with
Taylor Morrison. Under the terms of
the agreement, AV Homes shareholders would receive $21.50 in cash for each share of AV Homes common
stock.
The investigation concerns whether the AV Homes board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for AV Homes
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially given
Company's strong balance sheet, and projected revenue and earnings
growth.
If you are a shareholder of AV Homes and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. 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.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP