Harwood Feffer LLP (
) is investigating potential claims against the board of directors of Savvis Inc. ("Savvis" or the "Company") (NASDAQ: SVVS - News) concerning the proposed acquisition of the Company by CenturyLink Inc. (“CenturyLink”) in a transaction valued at approximately $2.5 billion.
On April 27, 2011, it was announced that CenturyLink agreed to buy Savvis in a deal which values the Company at $40 per share. Savvis stockholders would receive $30 per share in cash and $10 per share in stock. CenturyLink is also assuming approximately $700 of Savvis’ debt. Analysts have set price targets as high as $46.00 per share for Savvis stock. Our investigation concerns the board of directors’ process for consideration of the proposed transaction.
If you own shares of Savvis and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at
or Daniella Quitt, Esq. at
. You may also call them at (877) 935-7400. For more information about class actions, please visit our website:
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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). Prior results do not guarantee or predict a similar outcome with respect to any future matter.