NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Answers.com (Nasdaq: ANSW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AFCV Holdings, Inc. Under the terms of the transaction, Answers.com stockholders will receive $10.50 per share in cash for a total transaction value of approximately $127 million. Also, Series A and Series B convertible preferred stockholders will be entitled to a cash consideration based on the amount of common stock into which those shares are convertible at the time of the merger.
The investigation concerns whether the Answers.com Board of Directors breached their fiduciary duties to Answers.com stockholders by failing to adequately shop the Company before entering into this transaction and whether AFCV is underpaying for Answers.com shares.
If you own common stock in Answers.com and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/answers.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.