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 email@example.com. Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.
SAVVIS (Nasdaq:SVVS) hit a new 52-week high Wednesday as it is currently trading at $39.69, above its previous 52-week high of $39.68 with 571,947 shares traded as of 11:21 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.
SAVVIS (Nasdaq:SVVS) hit a new 52-week high Monday as it is currently trading at $39.45, above its previous 52-week high of $39.44 with 42,333 shares traded as of 9:46 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
SAVVIS (Nasdaq:SVVS) hit a new 52-week high Friday as it is currently trading at $39.39, above its previous 52-week high of $39.36 with 291,574 shares traded as of 10:46 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.