Key Developments: Asiainfo-Linkage Inc (ASIA.O)
11.50USD
24 May 2013
$-0.05 (-0.43%)
$11.55
$11.56
$11.58
$11.49
1,397,914
236,331
$13.00
$9.46
Latest Key Developments (Source: Significant Developments)
Law Office of Brodsky & Smith, LLC Announces Investigation of Asiainfo-Linkage Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Asiainfo-Linkage Inc relating to the proposed acquisition by a consortium of investors led by CITIC Capital Partners and the Company`s co-founder. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of ASIA for not acting in the Company`s shareholders' best interests in connection with the sale process. Full Article
Lifshitz Law Firm Announces Investigation Of Asiainfo-Linkage Inc
Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of AsiaInfo-Linkage Inc to a private investor consortium led by CITIC Capital Partners for US$12.00 in cash for each AsiaInfo-Linkage share of common stock they hold. Lifshitz Law Firm's investigation is focused on whether the Board of Directors of the Company is acting in the Company's shareholders' best interests in connection with the sale process. Full Article
Briscoe Law Firm and Powers Taylor, LLP Investigate Sale Of Asiainfo-Linkage Inc To Investors Led By CITIC Capital Partners
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP announced that they are investigating the sale of Asiainfo-Linkage Inc to a private investor consortium led by CITIC Capital Partners. Under the terms of the proposed sale, AsiaInfo shareholders will receive only $12.00 for each share of AsiaInfo stock owned, well below at least one analyst`s estimated value of $16.00 per share. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Asiainfo-Linkage Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of AsiaInfo-Linkage, Inc. relating to the proposed acquisition by a consortium of investors led by CITIC Capital Partners and the Company's co-founder. Under the terms of the transaction, ASIA shareholders will receive only $12.00 in cash for each share of ASIA stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of ASIA for not acting in the Company's shareholders' interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss for many long term ASIA shareholders. ASIA stock traded at $13.85 per share as recently as March 13, 2012 and traded at $17.56 per share on July 5, 2011. In addition, an analyst has set a $16.00 per share price target on ASIA stock and, for the recent quarter, ASIA has a reported book value of $14.25. Full Article
Harwood Feffer LLP Announces Investigation Of Asiainfo-Linkage Inc
Harwood Feffer LLP is investigating potential claims against the Board of Directors of AsiaInfo-Linkage, Inc. concerning the proposed acquisition of the Company by a group of private investors led by CITIC Capital Partners. On May 13, 2013, AsiaInfo announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by the CITIC Group. Under the terms of the agreement, AsiaInfo stockholders will receive $12 in cash for each share of AsiaInfo owned. The investigation concerns whether the AsiaInfo Board of Directors is fulfilling fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of AsiaInfo-Linkage Inc
Law Office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of AsiaInfo-Linkage Inc. (ASIA or the Company) relating to the proposed acquisition by a consortium of investors led by CITIC Capital Partners and the Company's co-founder. Under the terms of the transaction, ASIA shareholders will receive only $12.00 in cash for each share of ASIA stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of ASIA for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss for many long term ASIA shareholders. ASIA stock traded at $13.85 per share as recently as March 13, 2012 and traded at $17.56 per share on July 5, 2011. In addition, an analyst has set a $16.00 per share price target on ASIA stock and, for the most recent quarter, ASIA has a reported book value of $14.25. Full Article
Holzer Holzer & Fistel, LLC Announces Investigation Into The Proposed Buyout Of Asiainfo Linkage Inc
Holzer Holzer & Fistel, LLC announced that it is investigating whether the directors of Asiainfo Linkage Inc complied with their fiduciary duties in approving the proposed acquisition of the Company by a group consisting of the Company`s co-founder, Edward Tian, and CITIC Capital Partners, among others. According to the Company`s announcement, if the deal closes AsiaInfo-Linkage shareholders will receive $12 per share for each share of ASIA owned. The firm`s investigation seeks to determine, among other things, whether the consideration to be paid to AsiaInfo-Linkage shareholders is fair and adequate. Full Article
Asiainfo Linkage Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates-Conference Call
Asiainfo Linkage Inc announced that for the second quarter of 2013, it expects net revenue on non-GAAP base to be in the range of $133 million to $137 million and net income attributable to AsiaInfo-Linkage per basic share on non-GAAP base to be in the range $0.22 to $0.25. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $137 million and EPS of $0.25 for the second quarter of 2013. Full Article
Asiainfo Linkage Inc Issues Q1 2013 Guidance
Asiainfo Linkage Inc announced that for first quarter of 2013, it expects net revenue (non-GAAP) to be in the range of USD133.0 million to USD136.0 million, net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of USD0.23 to USD0.25. Full Article
Asiainfo Linkage Inc Issues Q4 2012 Guidance Above Analysts' Estimates
Asiainfo Linkage Inc announced that for the fourth quarter of 2012, it expects net revenue (non-GAAP) to be in the range of $152 million to $156 million and net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range of $0.40 to $0.43. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $145 million and EPS of $0.28 for the fourth quarter of 2012. Full Article
CITIC, Temasek group to buy Chinese software firm Asiainfo
HONG KONG - A consortium comprising China's CITIC Capital and Singapore state investor Temasek Holdings has agreed to buy Asiainfo-Linkage Inc for about $900 million, joining a growing number of buyouts of U.S.-listed Chinese companies.
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