Law Firm Brower Piven Announces Investigation of Artio Global Investors Inc. Proposed Buyout
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Artio Global Investors Inc. ("Artio Global" or the "Company") (NYSE: "ART") and other violations of state law by the board of directors of Artio Global relating to the proposed acquisition of the Company by Aberdeen Asset Management PLC. The firm's investigation seeks to determine, among other things, whether the board of directors of Artio Global breached their fiduciary duties by failing to maximize shareholder value.
According to the Company's press release, shareholders will receive $2.75 for each share of Artio Global common stock they own, which represents a transaction value of approximately $175 million. According to Yahoo! Finance, Artio Global shares were trading above the deal price as recently as October 2012. According to Bloomberg, revenue, total assets, and free cash flow multiples for the proposed transaction are below those of comparable transactions.
If you currently own common stock of Artio Global and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, (410) 415-6616
KEYWORDS: United States North America District of Columbia Maryland
The article Law Firm Brower Piven Announces Investigation of Artio Global Investors Inc. Proposed Buyout originally appeared on Fool.com.
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