Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of AV Homes Inc (NASDAQ: AVHI) acted responsibly on behalf of investors’ profitability in the planned sale to Taylor Morrison Home Corporation.
On June 7, 2018, AV Homes Inc (NASDAQ: AVHI) and Taylor Morrison Home Corporation announced that they had entered into a merger agreement. Under the terms of the merger agreement, AV Homes shareholders can elect to receive only $21.50 in cash, 0.9793 of a share of Taylor Morrison Class A common stock, or the combination of $12.64 in cash and 0.4034 of a share of Taylor Morrison Class A common stock for each share of AV Homes stock they own.
Based in Scottsdale, Arizona, and founded in 1970 AV Homes Inc engages in the homebuilding and community development businesses in Florida, the Carolinas, Arizona, and Texas markets.
The investigation focuses on whether NASDAQ: AVHI investors received the highest price and whether the directors of AV Homes Inc acted in the best interest of AV Homes Inc company and its shareholders.
If you purchased AV Homes Inc (NASDAQ: AVHI) prior to June 7, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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