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Case Details for " Airvana, Inc."

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Airvana, Inc. Investigated for Possible Securities Violations

Attorneys have commenced an investigation on behalf of shareholders of the common stock of Airvana, Inc. (Nasdaq: AIRV) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company's Board of Directors to allow the Company to be acquired by a newly formed company to be owned by affiliates of S.A.C. Private Capital Group, LLC, GSO Capital Partners LP, Sankaty Advisors LLC and ZelnickMedia.

The transaction is valued at approximately $7.65 per Airvana common share, or $530 million in total. The current investigation concerns the price to be paid to Airvana shareholders and the process by which Airvana's Board of Directors is addressing the transaction, including whether Airvana's Board of Directors breached its fiduciary duties to the Company's shareholders by agreeing to sell the Company at an unfair price.

 

Posted on:01/04/2010
Company: Airvana, Inc.
Affected Class: Current shareholders
Scope: Nationwide

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