INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of American Farmland Company And Encourages Sh...
16 September 2016 - 4:48AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of American Farmland Company (NYSE
MKT: AFCO) (“AFCO” or the “Company”) relating to the proposed
buyout of AFCO by Farmland Partners Inc.
Under the terms of the agreement, AFCO shareholders are
anticipated to receive 0.7417 shares of Farmland Partners for each
share of AFCO common stock held. Based on the closing price of
Farmland Partners Inc. stock on the day prior to the merger
announcement, this represents a value of $8.23 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock. For example, according to Yahoo! Finance, at least one
Wall Street analyst has issued a price target for AFCO stock at
$9.00 per share.
If you currently own common stock of AFCO and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160915006389/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
AMERICAN FARMLAND CO (AMEX:AFCO)
Historical Stock Chart
From Dec 2024 to Jan 2025
AMERICAN FARMLAND CO (AMEX:AFCO)
Historical Stock Chart
From Jan 2024 to Jan 2025
Real-Time news about American Farmland Company (American Stock Exchange): 0 recent articles
More American Farmland Company News Articles