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| [February 15, 2013] |
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Newman Ferrara LLP Announces Investigation of Artio Global Investors Inc.
NEW YORK --(Business Wire)--
Newman Ferrara LLP has begun an investigation into potential claims
against the board of directors of Artio Global Investors Inc. ("Artio
Global") (NYSE: ART) concerning the proposed acquisition of Artio Global
by asset management firm Aberdeen (News - Alert) Asset Management PLC ("Aberdeen").
On February 14, 2013, Artio Global announced that it had entered into an
agreement and plan of merger to be acquired by Aberdeen, under which
Artio Global's shareholders will receive only $2.75 in cash for each
share of Artio Global stock owned. However, Artio Global common stock
has traded at above the $2.75 per share offer price as recently as
October 5, 2012, when it traded at $2.81 per share. The $2.75 per share
offer price is also well below Artio Global's 52-week trading high of
$5.26 per share. In fact, Artio Global common stock has traded at above
the $2.75 per share offer price at all times from ArtioGlobal's initial
public offering in 2009 to October 3, 2012.
Artio Global's Board of Directors has unanimously approved the proposed
merger agreement and resolved to recommend that Artio Global's
shareholders vote to approve the transaction, which is expected to close
by the end of the second quarter or early in the third quarter of 2013.
Newman Ferrara LLP's investigation concerns whether Artio Global's Board
of Directors has breached its fiduciary duties to act in the best
interests of Artio Global's shareholders and to take all necessary steps
to ensure that Artio Global's shareholders receive the maximum value
readily available for their shares of Artio Global common stock.
Concerned investors may contact Newman Ferrara attorney Roy Shimon at
(212) 619-5400 or rshimon@nfllp.com
to discuss this investigation, their rights, or potential remedies.
Newman Ferrara maintains a multifaceted practice based in New York City
with attorneys specializing in complex commercial and multi-party
litigation, securities fraud and shareholder litigation, consumer
protection, civil rights, and real estate. For more information, please
visit the firm website at www.nfllp.com.
CONTACT: Newman Ferrara LLP Attorney: Roy Shimon 1250
Broadway, 27th Fl. New York, NY 10001 rshimon@nfllp.com Tel.
212.619.5400

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