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AirMedia Group Inc. (AMCN)

NasdaqGS:AMCN

Summary

Faruqi & Faruqi, LLP Announces the Investigation of AirMedia Group Inc. (AMCN) Over the Proposed Sale of the Company

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AirMedia Group Inc.  (“AirMedia” or the “Company”) (NasdaqGS:AMCN) for potential breaches of fiduciary duties in connection with the sale of the Company to a consortium composed of members of the Company’s management for approximately $360 million in a cash transaction. 

The Company’s stockholders will only receive $6.00 for each Company ADS they own. However, at least one analyst has set a price target of $6.90 per ADS.

If you own common stock in AirMedia and wish to obtain additional information and protect your investments free of charge, please fill out the form below 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. 

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Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    AirMedia Group Inc. (AMCN)
  •    

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Contact Counsel

MergerInfo Request
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 10/08/2015

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