NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of AV Homes, Inc. (“AV Homes” or the “Company”) (NASDAQGS: AVHI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Taylor Morrison Home Corporation (NYSE: TMHC). Under the terms of the deal, AV Homes stockholders may elect to receive: (i) $21.50 per share in cash; (2) 0.9793 shares of Taylor Morrison Class A stock; or (3) a combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A stock. TPG Capital, which holds 40% of AV Homes common stock, has already agreed to tender its shares.
The investigation concerns whether the AV Homes Board of Directors breached their fiduciary duties to AV Homes stockholders by failing to adequately shop the Company before entering into this transaction and whether Taylor Morrison is underpaying for AV Homes shares, thus unlawfully harming AV Homes stockholders.
If you own common stock in AV Homes and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or http://docs.wongesq.com/AVHI-Info-Request-Form-1936.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
