Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Artio Global Investors Inc.

Before you go, we thought you'd like these...
Before you go close icon

Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Artio Global Investors Inc. Shareholders

NEW YORK--(BUSINESS WIRE)-- Kirby McInerney LLP is investigating potential claims against the Board of Directors of Artio Global Investors Inc. ("Artio" or the "Company") (NYS: ART) related to the proposed acquisition of the Company by Aberdeen Asset Management PLC ("Aberdeen"). Under the terms of the agreement, Aberdeen will acquire all of the outstanding common stock of Artio for $2.75 per share in cash, for a total transaction value of approximately $165 million.

The investigation concerns whether the Artio Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $2.75 per share consideration adequately values Artio common shares. The offer price represents a 34% premium to the price of shares on February 13, 2013, the day before the deal was announced. As recently as October 2012, however, the stock was trading higher than the offer price. Further, the owners of 45 percent of the Company's stock have agreed to vote in favor of the transaction.


If you are an Artio shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.



Kirby McInerney LLP
J. Brandon Walker, Esq.
212-699-1145 or 888-529-4787
bwalker@kmllp.com

KEYWORDS:   United States  North America  California  New York

INDUSTRY KEYWORDS:

The article Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Artio Global Investors Inc. Shareholders originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners