NEW YORK, June 8, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of AV Homes Inc. ("AVHI"
or the "Company") (NASDAQ: AVHI) in connection with the proposed acquisition of the Company by fellow home builder Taylor
Morrison Home Corp. ("TMHC") (NYSE: TMHC). Under the terms of the acquisition agreement, AVHI shareholders can elect to
receive either: (1) $12.64 in cash and 0.4034 shares of TMHC Class A common stock; or (2)
$21.50 in cash, or (3) 0.9793 shares of TMHC Class A common stock for each AVHI share they
own.
WeissLaw is investigating whether AVHI's Board acted to maximize shareholder value prior to entering into the agreement.
Notably, the acquisition is a financially compelling transaction which, according to TMHC's CEO, "supports [its] strategic growth
priority by bringing [TMHC] deeper into five [] current markets, adding Jacksonville to [its] portfolio, and further
expanding [TMHC's] offerings in the affordable first-time buyer and active adult consumer segments."
Moreover, in its latest financial report, the Company announced double-digit growth in net new order value. AVHI's
President and CEO further underscored the Company's strong first quarter performance, stating in part that the Company's "gross
margins for the quarter [] have improved sequentially over the past several quarters and [] remain in a strong liquidity
position."
Given these facts, WeissLaw is investigating whether AVHI's Board acted in the best interests of AVHI's public shareholders to
maximize shareholder value prior to entering into the agreement. If you own AVHI shares and would like more information
about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com .
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief
in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email
us at stockinfo@weisslawllp.com or fill out
the form on our website, http://www.weisslawllp.com/av-homes-inc /
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SOURCE WeissLaw LLP