The Law Offices of Vincent Wong Announce an Investigation of Access to Money Today : Wednesday 17 August 2011 The Law Offices of Vincent Wong are investigating the Board of Directors of Access to Money (OTC: AEMI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of Cardtronics, Inc. (NASDAQ: CATM). Under the terms of the proposed deal, Access to Money shareholders will receive $0.285 per share and Access to Money’s outstanding debt will be retired resulting in a total transaction value of approximately $21.2 million.
The investigation concerns whether the Access to Money Board of Directors breached their fiduciary duties to Access to Money stockholders by failing to adequately shop the Company before entering into this transaction and whether Cardtronics, Inc. is underpaying for Access to Money shares. According to Thomson/First call, at least one analyst set a price target for Access to Money stock at $3.50 per share.
If you own common stock in Access to Money and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/access-to-money.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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