Tripp Levy Announces the Filing of a Lawsuit Concerning the Buyout of AmeriCredit by GM
12 August 2010 - 12:02AM
Business Wire
Tripp Levy PLLC announces that a lawsuit has been filed on
behalf of shareholders of AmeriCredit Corp. (NYSE: ACF) in
connection with the proposed acquisition of AmeriCredit by General
Motors (NYSE: GM) to acquire all of the outstanding shares of
common stock of AmeriCredit for $24.50 per share in cash. In
addition, AmeriCredit’s two largest shareholders, who own approx.
50% of all outstanding shares of common stock of AmeriCredit, and
who has members on the Board of Directors of AmeriCredit, have
voted in favor of the transaction.
AmeriCredit’s management team are expected to remain with the
Company following completion of the transaction as well as vote in
favor of the acquisition. Further, following completion of the
transaction, GM said it is considering going public, which will
further enhance AmeriCredit’s directors and management, including
its two largest shareholders. This was confirmed by The New York
Times which reported today that GM may in fact file for an initial
public offering by August 13, 2010.
If you purchased shares of AmeriCredit common stock prior to
July 22, 2010 and still hold any such shares, and you wish to
discuss this matter with us, or have any questions concerning your
rights and interests with regard to this matter, please contact
Tripp Levy Tripp Levy PLLC 125 East 82nd Street 9th Floor New York,
New York Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Americredit (NYSE:ACF)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Americredit (NYSE:ACF)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
Echtzeit-Nachrichten über Americredit Corp. (New York Börse): 0 Nachrichtenartikel
Weitere Tripp Levy PLLC News-Artikel