Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Savvis Inc. (“Savvis” or the “Company”) (Nasdaq: SVVS) concerning the proposed acquisition of the Company by CenturyLink, Inc. (“CenturyLink”). Under the terms of the offer, Savvis common shareholders will receive $30 in cash and approximately $10 in CenturyLink stock for each share they own. The transaction is valued at approximately $2.5 billion.
The investigation is focused on the potential unfairness of the consideration to Savvis shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Savvis Board members. The offer price is only 11% above the Company’s trading price the day before the announcement, and according to Yahoo! Finance at least one analyst has set a target price of $46 for the Company’s shares.
If you are interested in discussing your rights as a Savvis shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at
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