Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SAVVIS, Inc.
(“SAVVIS” or the “Company”) (NasdaqGS: SVVS) for potential breaches of fiduciary duties in connection with their duty to disclose material information in the Registration Statement filed jointly by the Company and its acquirer, CenturyLink, Inc. (“CenturyLink”), with the SEC on June 9, 2011. The Registration Statement sets forth the terms of the merger agreement entered into by the Company and CenturyLink on April 26, 2011. In accordance with the terms of the agreement, the shareholders of SAVVIS will receive $30.00 in cash and $10.00 in shares of CenturyLink common stock.
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Whether the SAVVIS’ Board of Directors breached their fiduciary duties to SAVVIS’ stockholders by failing to disclose all material information in the Registration Statement; whether it failed to maximize shareholder value and if so by how much the sale undervalues the Company to the detriment of SAVVIS’ shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in SAVVIS and wish to obtain additional information, please visit us at
or contact Juan E. Monteverde, Esq. either via e-mail at
or by telephone at (877) 247-4292 or (212) 983-9330.
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