DALLAS, Feb. 23, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP are investigating whether certain officers and directors of Advance America (NYSE: AEA) violated shareholder protection laws by agreeing to a buyout offer for $10.50 per share to Grupo Elektra. Concerned Advance America investors are encouraged to contact securities class action attorney Hamilton Lindley at 877-583-2855 or email@example.com about their rights and remedies for this potentially low buyout.
"This buyout is a small premium over the December 6, 2011 stock price of $9.33," said Hamilton Lindley. "Additionally, an analyst covering Advance America stock set a target price of $11 per share. Our proposed shareholder lawsuit seeks to obtain more value for shareholders than the current buyout offer."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Advance America stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at firstname.lastname@example.org or 877-583-2855 with questions or concerns. There is no cost or obligation to the investor.
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SOURCE Goldfarb LLP