Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of HomeAway Inc (NASDAQ: AWAY) acted responsibly on behalf of investors’ profitability in the planned $3.9 billion sale to Expedia Inc (NASDAQ: EXPE).
On November 4, 2015, HomeAway Inc (NASDAQ: AWAY) and Expedia Inc (NASDAQ: EXPE) announced that they had entered into a merger agreement. Under the terms of the transaction, Expedia Inc (NASDAQ: EXPE) will offer to acquire each outstanding share of common stock of HomeAway Inc (NASDAQ: AWAY) in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock, this represents an approximate value of $38.31 per share.
Based in Austin, Texas, and founded in 2004 HomeAway Inc is an online vacation rental property marketplace.
The investigation is looking to uncover whether HomeAway Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $43.00 per share.
If you purchased HomeAway Inc (NASDAQ: AWAY) prior to November 4, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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