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The investigation concerns whether the Avocent Board of Directors breached their fiduciary duties to Avocent shareholders given that at least one analyst has set a $27.00 per share price target for Avocent stock and the Board agreed to a no-solicitation provision and a $35 million termination fee and/or reimburse Emerson for transaction expenses up to $7.5 million that will all but ensure that no superior offer will ever be forthcoming.
If you own common stock in Avocent and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/avct1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
SOURCE: Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. Tel: 212-363-7500 Fax: 212-363-7171 www.zlk.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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