INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of DIRECTV and Its Board of Directors In Connection With the Sale of the Company to AT&T, Inc. -- DTV
May 19, 2014 --
NEW YORK, May 19, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of DIRECTV ("DIRECTV" or "the Company") (NasdaqGS: DTV) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AT&T, Inc. ("AT&T") (NYSE: T).
Click here to learn more about the investigation: http://zlk.9nl.com/directv-dtv, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, DIRECTV shareholders will receive $28.50 in cash and 1.905 shares of AT&T common stock for each share of DIRECTV stock they own, representing a value of approximately $95.00 per share. The stock portion is subject to a collar dependent on the per share price of AT&T stock at the time of the closing. The investigation concerns whether the DIRECTV Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether AT&T is underpaying for DIRECTV shares. In particular, at least one financial analyst set a price target for DIRECTV stock at $100.00 per share.
If you own DIRECTV common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/directv-dtv.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP
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