Faruqi & Faruqi, LLP Announces Investigation of SAVVIS, Inc. - SVVS
10 Giugno 2011 - 11:31PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of SAVVIS, Inc. (“SAVVIS” or the “Company”) (NasdaqGS:
SVVS) for potential breaches of fiduciary duties in connection with
their duty to disclose material information in the Registration
Statement filed jointly by the Company and its acquirer,
CenturyLink, Inc. (“CenturyLink”), with the SEC on June 9, 2011.
The Registration Statement sets forth the terms of the merger
agreement entered into by the Company and CenturyLink on April 26,
2011. In accordance with the terms of the agreement, the
shareholders of SAVVIS will receive $30.00 in cash and $10.00 in
shares of CenturyLink common stock.
Request more information now by clicking here:
www.faruqilaw.com/SVVS
Whether the SAVVIS’ Board of Directors breached their fiduciary
duties to SAVVIS’ stockholders by failing to disclose all material
information in the Registration Statement; whether it failed to
maximize shareholder value and if so by how much the sale
undervalues the Company to the detriment of SAVVIS’ shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in SAVVIS and wish to obtain additional
information, please visit us at www.faruqilaw.com/SVVS or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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