Artio Global Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Aberdeen Asset Management
15 Febbraio 2013 - 3:36PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Artio Global Investors, Inc.
(“Artio”) (NYSE: ART) to Aberdeen Asset Management PLC for
shareholders. Under the terms of the proposed sale valued at
approximately $175 million, Artio shareholders will receive $2.75
in cash for each share of Artio stock owned, well below the 52-week
high of $5.26.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The Artio sale investigation centers on whether Artio’s
shareholders are receiving adequate compensation for their shares
in the proposed acquisition of the Company, whether the transaction
undervalues Artio’s stock, and whether Artio’s board attempted to
obtain the highest share price for all shareholders prior to
agreeing to the deal. According to shareholder rights attorney
Patrick Powers, “Based on the historical prices, the proposed sale
price and other factors, we believe this transaction may undervalue
Artio’s stock. Our proposed lawsuit will seek to obtain the highest
share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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