NEW YORK, June 8, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of AV Homes Inc.
("AVHI" or the "Company") (NASDAQ: AVHI) in connection with the
proposed acquisition of the Company by fellow home builder Taylor
Morrison Home Corp. ("TMHC") (NYSE: TMHC). Under the terms of
the acquisition agreement, AVHI shareholders can elect to receive
either: (1) $12.64 in cash and 0.4034
shares of TMHC Class A common stock; or (2) $21.50 in cash, or (3) 0.9793 shares of TMHC
Class A common stock for each AVHI share they own.
WeissLaw is investigating whether AVHI's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the acquisition is a financially compelling transaction
which, according to TMHC's CEO, "supports [its] strategic growth
priority by bringing [TMHC] deeper into five [] current markets,
adding Jacksonville to [its] portfolio, and further
expanding [TMHC's] offerings in the affordable first-time buyer and
active adult consumer segments."
Moreover, in its latest financial report, the Company announced
double-digit growth in net new order value. AVHI's President
and CEO further underscored the Company's strong first quarter
performance, stating in part that the Company's "gross margins for
the quarter [] have improved sequentially over the past several
quarters and [] remain in a strong liquidity position."
Given these facts, WeissLaw is investigating whether AVHI's
Board acted in the best interests of AVHI's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own AVHI shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/av-homes-inc/
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SOURCE WeissLaw LLP
