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Law Office of Brodsky & Smith, LLC Announces Investigation of Artio Global Investors, Inc.
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BALA CYNWYD, Pa., Feb. 14, 2013 /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Artio Global Investors, Inc. ("Artio Global" or the "Company")
(NYSE: ART) relating to the proposed acquisition by Aberdeen Asset Management
PLC ("Aberdeen").
Under the terms of the transaction, Artio Global shareholders will receive only
$2.75 in cash for each share of Artio Global stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of Artio Global for not acting in the Company's
shareholders' best interests in connection with the sale process to Aberdeen.
The transaction may undervalue the Company and will result in a loss for many
long term shareholders. For example Artio Global stock traded at $3.54 as
recently as July 2, 2012 and $17.82 on April 12, 2011.
If you own shares of Artio Global stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may e-mail
or call the law office of Brodsky & Smith, LLC who will, without obligation or
cost to you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala
Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/542-art-artio-global-investors-inc.html, by calling
toll free 877-LEGAL-90.
SOURCE Law Office of Brodsky & Smith, LLC
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