The Rosen Law Firm is investigating the Board of Directors of AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from Power Joy (Cayman) Limited, a wholly owned subsidiary of CITIC Capital China Partners II, L.P. If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at firstname.lastname@example.org or email@example.com. There is no cost or obligation to you. Under the terms of the proposal, offered by Power Joy, shareholders will receive a premium for each share of AsiaInfo-Linkage they own. However, the specific terms have not been disclosed. The investigation relates to whether the proposal is fair to public shareholders and whether AsiaInfo-Linkage’s Board breached its fiduciary duties in connection with the offer. If you own AsiaInfo-Linkage common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
Shares of Asiainfo-Linkage (Nasdaq:ASIA) were gapping up Friday morning with an open price 12.7% higher than Thursday's closing price. The stock closed at $9.92 yesterday and opened today's trading at $11.18.