WILMINGTON, Del., Nov. 5, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of HomeAway, Inc. (NASDAQ GS: AWAY)?
- Did you purchase any of your shares prior to November 5, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of HomeAway, Inc. ("HomeAway" or the "Company") (NASDAQ GS: AWAY) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Expedia, Inc. ("Expedia") (NASDAQ GS: EXPE), in a transaction valued at approximately $3.9 billion.
Click here to learn more: http://rigrodskylong.com/investigations/homeaway-inc-away.
Under the terms of the agreement, shareholders of HomeAway will receive $10.15 in cash and 0.2065 of a share of Expedia common stock for each share of HomeAway they own. Based on Expedia's closing price on November 3, 2015, HomeAway shareholders would have received compensation valued at approximately $38.31 per share.
The investigation concerns whether HomeAway's board of directors failed to adequately shop the Company and obtain the best possible value for HomeAway's shareholders before entering into an agreement with Expedia. According to Yahoo! Finance, at least one analyst has issued a price target for HomeAway stock at $40.00 per share.
If you own the common stock of HomeAway and purchased your shares before November 5, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://rigrodskylong.com/investigations/homeaway-inc-away.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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