DALLAS, Feb. 23, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP are investigating whether certain officers and directors of Advance America (NYSE: AEA) violated shareholder protection laws by agreeing to a buyout offer for $10.50 per share to Grupo Elektra. Concerned Advance America investors are encouraged to contact securities class action attorney Hamilton Lindley at 877-583-2855 or email@example.com about their rights and remedies for this potentially low buyout. "This buyout is a small premium over the December 6, 2011 stock price of $9.33," said Hamilton Lindley. "Additionally, an analyst covering Advance America stock set a target price of $11 per share. Our proposed shareholder lawsuit seeks to obtain more value for shareholders than the current buyout offer." Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Advance America stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at firstname.lastname@example.org or 877-583-2855 with questions or concerns. There is no cost or obligation to the investor. Hamilton Lindley Goldfarb LLP2501 N. Harwood, Ste. 1801 Dallas, TX 75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number www.goldfarbllp.com SOURCE Goldfarb LLP
The ex-dividend date for Advance America Cash Advance Centers (NYSE:AEA) is tomorrow, February 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.41 as of 10 a.m., the dividend yield is 2.4%.
Advance America Cash Advance Centers (NYSE:AEA) is trading at unusually high volume Thursday with 16.6 million shares changing hands. It is currently at 30.9 times its average daily volume and trading up $2.59 (+32.7%).
Advance America Cash Advance Centers (NYSE:AEA) hit a new 52-week high Tuesday as it is currently trading at $9.39, above its previous 52-week high of $9.32 with 352,353 shares traded as of 1:34 p.m. ET. Average volume has been 534,400 shares over the past 30 days.