Faruqi & Faruqi, LLP Announces the Investigation of HomeAway Inc. (AWAY) Over the Proposed Sale of the Company to Expedia Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of HomeAway Inc. (“HomeAway” or the “Company”) (NasdaqGS:AWAY) for potential breaches of fiduciary duties in connection with the sale of the Company to Expedia Inc. for approximately $3.9 billion.
The Company’s stockholders will only receive $10.15 in cash and 0.2064 of an Expedia common share, approximately $37.67, for each share of HomeAway common stock they own. However, the offer is below an analyst’s price target of $40 per share and the premium of 23% is below the average 43% for comparably sized transactions.
If you own common stock in HomeAway and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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