AmeriCredit (ACF) shareholders are investigating possible breaches of fiduciary duty and other corporate violations by the board of directors of AmeriCredit. The investigation arises from AmeriCredit entering into a deal to sell the company to GM for $3.5 billion.
Under the terms of the buyout AmeriCredit shareholders will receive $24.50 in cash for each share of AmeriCredit common stock they own. Shareholders are questioning the deal based on the fact AmeriCredit common stock traded at $26.49 as recently as April of this year.
Shareholders are investigating potential breaches of fiduciary duty and other violations concerning the transaction’s approval by AmeriCredit’s board of directors, and in particular whether AmeriCredit’s board undertook a fair and complete process to attain the highest value for AmeriCredit’s public shareholders.
If you are an AmeriCredit shareholder and wish to speak with us about your legal rights or are interested in participating in litigation concerning the AmeriCredit buyout, please complete the following form or call us at 1-877-573-0007.
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