MILWAUKEE, May 13, 2013 (GLOBE NEWSWIRE) -- We are investigating the Board of Directors of AsiaInfo-Linkage, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of AsiaInfo to CITIC.
Click here to learn how to join the action: http://www.ademilaw.com/case/asiainfo-linkage-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
AsiaInfo's long-term financial outlook is very positive and yet AsiaInfo shareholders will receive only $12 per share. CITIC is well aware of AsiaInfo's improving financial metrics and is purchasing AsiaInfo at a substantial discount. The merger agreement unreasonably limits prospective bids for AsiaInfo by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should AsiaInfo receive and accept a superior bid. AsiaInfo insiders, their affiliates and other majority shareholders own significant voting units of AsiaInfo, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of AsiaInfo not necessarily in the best interests of non-insider shareholders. In light of these facts, our investigation centers on the conduct of AsiaInfo's Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for AsiaInfo given its current financial condition and prospects.
If you own common stock in AsiaInfo and wish to obtain additional information, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/asiainfo-linkage-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP