Ameristar Casinos, Inc. (ASCA) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
2013年1月18日 - 3:03AM
ビジネスワイヤ（英語）
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Ameristar Casinos, Inc. (“Ameristar” or the “Company”)
(NASDAQ: ASCA) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Pinnacle Entertainment, Inc. (NYSE: PNK) in an all-cash deal valued
at approximately $2.8 billion. Under the terms of the proposed
transaction, Ameristar’s stockholders will receive $26.50 in cash
for each share of Ameristar common stock they own, while according
to Yahoo! Finance, at least one financial analyst has set a price
target of $29.00 for Ameristar.
Request more information now by clicking here:
www.faruqilaw.com/ASCA. There is no cost or
obligation to you.
The investigation focuses on whether Ameristar’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Ameristar’s shareholders.
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, throughout 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 Ameristar and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/ASCA 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) 2013 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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