SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Avenue Financial Holdings Inc.
March 04 2016 - 6:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Avenue Financial Holdings Inc. ("Financial Holdings” or "the
Company") (Nasdaq: AVNU) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Pinnacle Financial Partners Inc. (“Pinnacle”).
Click here to learn more about the investigation
http://brodsky-smith.com/1034-avnu--avenue-financial-holdings-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Avenue Financial Holdings
shareholders will receive only $2.00 in cash and 0.36 of a share of
Pinnacle stock for each share of Avenue Financial Holdings stock
they own. The investigation concerns whether the Board of Avenue
Financial Holdings breached their fiduciary duties to shareholders
and whether Pinnacle is underpaying for the Company. The
transaction may undervalue the Company given its continued success
and future growth prospects. For example, an analyst has set a
$22.00 per share price target for Avenue Financial Holdings
stock.
If you own shares of Avenue Financial Holdings and wish to
discuss the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1034-avnu--avenue-financial-holdings-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160304005820/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1034-avnu--avenue-financial-holdings-inc.html
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