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 firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.