Rigrodsky & Long, P.A.:
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Do you own shares of Alliance Fiber Optic Products, Inc. (NASDAQ
GM: AFOP)?
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Did you purchase any of your shares prior to April 8, 2016?
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Do you think the proposed buyout price is too low?
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Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Alliance Fiber Optic Products,
Inc. (“AFOP” or the “Company”) (NASDAQ GM: AFOP)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Corning Incorporated (“Corning”) (NYSE: GLW),
in a transaction valued at approximately $305 million.
Click here to learn more: http://rigrodskylong.com/investigations/alliance-fiber-optic-products-inc-afop.
Under the terms of the agreement, shareholders of AFOP will receive
$18.50 in cash for each share of AFOP common stock.
The investigation concerns whether AFOP’s board of directors failed to
adequately shop the Company and obtain the best possible value for AFOP
shareholders before entering into an agreement with Corning. According
to Yahoo! Finance, at least one analyst has issued a price target
for AFOP stock at $20.00 per share.
If you own the common stock of AFOP and purchased your shares before
April 8, 2016, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://rigrodskylong.com/investigations/alliance-fiber-optic-products-inc-afop.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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