AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) Investor Files Lawsuit Over Alleged Wrongdoing In Connection With Takeover By CITIC Capital Holdings Ltd

If you purchased shares of AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) prior to May 13, 2013, and currently hold any of those NASDAQ:ASIA shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to, or call us at (858) 779-1554.
Company Name(s): 
Case Name: 
AsiaInfo-Linkage Deal Case 05/24/2013
Case Status: 
Lawsuit Filed
Affected Securities
Lawsuit Overview
Type of Lawsuit: 
Mergers and Acquisition
Date Filed: 

May 24, 2013 (Shareholders Foundation) - An investor, who currently hold NASDAQ:ASIA shares, filed a lawsuit in effort to stop the proposed takeover of AsiaInfo-Linkage, Inc. by CITIC Capital Holdings Ltd for $12.00 per NASDAQ:ASIA share.

The plaintiff claims that the defendants allegedly breached their fiduciary duties owed to NASDAQ:ASIA stockholders by agreeing to sell the company too cheaply via an unfair process.

On May 13, 2013, AsiaInfo-Linkage, Inc. and CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd. announced the signing of a merger agreement under which AsiaInfo-Linkage will be acquired by a private investor consortium led by CITIC Capital Partners.
Under the terms of the merger agreement, upon completion of the acquisition the stockholders of AsiaInfo-Linkage will receive US$12.00 in cash for each AsiaInfo-Linkage share of common stock they hold.

However, the plaintiff alleges that the $12.00-offer is too low and undervalues the company. In fact, NASDAQ:ASIA shares traded in 2012 as high as $13.75 and in 2011 as high as $22.65 per share and that at least one analyst has set the high target price at $16.00 per share.

The plaintiff seeks to stop the buyout under the present terms.

On May 21, 2013, NASDAQ:ASIA shares closed at $11.60 per share.