WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of AV Homes, Inc. (NASDAQ GS: AVHI)?
- Did you purchase any of your shares prior to June 7, 2018?
- Do you think the proposed acquisition is fair?
- 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 AV Homes, Inc. (“AV Homes” or the “Company”) (NASDAQ GS: AVHI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Taylor Morrison Home Corporation (“Taylor Morrison”) (NYSE: TMHC) in a transaction valued at approximately $963 million. Under the terms of the agreement, shareholders of AV Homes can elect to receive: (i) $21.50 in cash, (ii) 0.9793 shares of Taylor Morrison Class A common stock or (iii) the combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A common stock for each share of AV Homes common stock.
If you own common stock of AV Homes and purchased any shares before June 7, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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