Ryan & Maniskas, LLP Announces Investigation of Answers Corporation
04 Febrero 2011 - 9:35AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/answ) is
investigating potential claims against the board of directors of
Answers Corporation ("Answers" or the "Company") (NASDAQ: ANSW)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s efforts to sell Answers to AFCV
Holdings, LLC, a portfolio company of growth equity investor Summit
Partners, in a transaction valued at approximately $127
million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Answers. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/answ.
Under the terms of the definitive agreement, Answers
shareholders will receive $10.50 in cash for each outstanding share
of common stock they own.
If you own shares of Answers and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/answ. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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