ACORN INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Acorn International, Inc. - ATV
NEW ORLEANS--(BUSINESS WIRE)--Oct 16, 2020--
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Acorn International, Inc. (NYSE: ATV) to First Ostia Port Ltd. Under the terms of the proposed transaction, shareholders of Acorn will receive only $1.05 in cash for each share of Acorn owned and $21.00 in cash per American Depositary Share (“ADS”) that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( firstname.lastname@example.org ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-atv/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201016005664/en/
CONTACT: Kahn Swick & Foti, LLC
Lewis S. Kahn, Managing Partner, 855-768-1857
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: MARKETING COMMUNICATIONS LEGAL PROFESSIONAL SERVICES
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2020.
PUB: 10/16/2020 05:46 PM/DISC: 10/16/2020 05:46 PM