|[May 28, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of DIRECTV in Connection with the Proposed Sale of the Company to AT&T, Inc.
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 DIRECTV ("DIRECTV" or the
"Company") (NasdaqGS: DTV) and other violations of state law by the
board of directors of DIRECTV relating to the proposed buyout of the
Company by AT&T (News - Alert), Inc. ("AT&T").
Under the terms of the transaction, DIRECTV shareholders will receive
$28.50 in cash and 1.905 shares of AT&T common stock for each share of
DIRECTV stock they own, representing a value of approximately $95.00 per
share. According to Yahoo! Finance, at least one analyst followin
DIRECTV has set a target price of $100 per share.
The firm's investigation seeks to determine, among other 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 AT&T is underpaying for DIRECTV shares.
If you currently own common stock of DIRECTV 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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