AsiaInfo-Linkage, Inc. Investor Investigation over Going Private Proposal

If you are a current investor in AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) and purchased your NASDAQ:ASIA shares prior to the announcement, 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 investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
AsiaInfo-Linkage
Affected Securities: 
NASDAQ: ASIA

May 21, 2013 (Update) - 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, given that 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 investigation a law firm concerns whether the offer is too low for NASDAQ:ASIA stockholders. In addition, the investigation focuses on whether the AsiaInfo-Linkage Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Jan. 23, 2012 (Shareholders Foundation) - The announcement by AsiaInfo-Linkage, Inc. that it received a going private proposal prompted an investigation for investors in AsiaInfo-Linkage (NASDAQ: ASIA) shares concerning whether the offer to acquire AsiaInfo-Linkage and the buyout process are unfair to investors in AsiaInfo Linkage (NASDAQ:ASIA).

The investigations by law firms concern whether AsiaInfo-Linkage, certain officers and directors, and/or others breach their fiduciary duties to NASDAQ:ASIA investors in connection with the proposed acquisition.

On Jan. 20, 2012, AsiaInfo-Linkage, Inc. announced that its Board of Directors has received a non-binding proposal letter from Power Joy (Cayman) Limited, a wholly owned subsidiary of CITIC Capital China Partners II, L.P., pursuant to which Power Joy (Cayman) Limited proposes to acquire all of the outstanding shares of common stock of AsiaInfo-Linkage in cash at a price which represents a premium over the current stock price.

However, the investigation for NASDAQ:ASIA investors concerns whether the AsiaInfo-Linkage Board of Directors will undertake an adequate sales process and in particular breach their fiduciary duties to AsiaInfo-Linkage (NASDAQ:ASIA) shareholders by failing to adequately shop the Company before entering into this transaction. The investigation also focuses on whether offer by Power Joy (Cayman) Limited undervalues NSADAQ: ASIA shares.

Shares of AsiaInfo-Linkage, Inc. (Public, NASDAQ:ASIA) traded during 2011 as high as $17.53 in July and as high as $22.65 per share on April 1, 2011. In 2010 NASDAQ: ASIA shares reached almost $30 per share and at least one analyst has set the high target price for NASDAQ: ASIA shares at $30 per share. A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ:ASIA shareholders would receive in a buyout, so the law firm.
Additionally AsiaInfo-Linkage, Inc performance increased lately. AsiaInfo-Linkage, Inc. reported that its annual Revenue rose from $132.76million for 2007 to $343.38million in 2010 and its annual Net Income increased over the same time frame from $23.63million for ’07 to $56.21million in 2010. Its third quarter Revenue rose from $110.46million for 2010 to $119.28million in 2011.