|[April 15, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of AutoNavi Holdings Limited over the Proposed Sale of the Company to Alibaba Group Holding Limited
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of AutoNavi Holdings Limited
("AutoNavi" or the "Company") (Nasdaq: AMAP) and other violations of
state law by the board of directors of AutoNavi relating to the proposed
buyout of the Company by Alibaba Group Holding Limited ("Alibaba").
Under the terms of the transaction, Alibaba will pay $5.25 per share to
AutoNavi stockholders, or $21 per American depositary share. The firm's
investigation seeks to determine, among oter things, whether the
Company's board of directors breached their fiduciary duties by failing
to maximize shareholder value before agreeing to enter into this
transaction, and whether Alibaba is underpaying for AutoNavi shares.
If you currently own common stock of AutoNavi and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
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