Tripp Levy Announces The Filing Of A Lawsuit Concerning The Buyout Of AmeriCredit By GM
Tripp Levy PLLC announces that a lawsuit has been filed on behalf of shareholders of AmeriCredit Corp. (NYSE: ACF) in connection with the proposed acquisition of AmeriCredit by General Motors (NYSE: GM) to acquire all of the outstanding shares of common stock of AmeriCredit for $24.50 per share in cash. In addition, AmeriCredit’s two largest shareholders, who own approx. 50% of all outstanding shares of common stock of AmeriCredit, and who has members on the Board of Directors of AmeriCredit, have voted in favor of the transaction.
AmeriCredit’s management team are expected to remain with the Company following completion of the transaction as well as vote in favor of the acquisition. Further, following completion of the transaction, GM said it is considering going public, which will further enhance AmeriCredit’s directors and management, including its two largest shareholders. This was confirmed by The New York Times which reported today that GM may in fact file for an initial public offering by August 13, 2010.
If you purchased shares of AmeriCredit common stock prior to July 22, 2010 and still hold any such shares, and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
|Tripp Levy PLLC|
|125 East 82 nd Street|
|9 th Floor|
|New York, New York|
|Toll Free: 877-772-3975|
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV