Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Alliance Fiber Optic Products Inc (NASDAQ: AFOP) acted responsibly on behalf of investors’ profitability in the planned $305 million sale to Corning Incorporated (NYSE: GLW).
On April 07, 2016, Alliance Fiber Optic Products Inc (NASDAQ: AFOP) and Corning Incorporated (NYSE: GLW) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Corning Incorporated will offer Alliance Fiber Optic Products shareholders $18.50 per share in cash for all outstanding shares.
Based in Sunnyvale, CA, and founded in 1995 Alliance Fiber Optic Products Inc is engaged in designing, manufacturing, and marketing various fiber optic components and integrated modules for communications equipment manufacturers and service providers.
The investigation is looking to uncover whether Alliance Fiber Optic Products Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $20.00 per share.
If you purchased Alliance Fiber Optic Products Inc (NASDAQ: AFOP) prior to April 07, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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