Finkelstein Thompson LLP announces investigation of AirTran Holdings, Inc.
29-Sep-2010 Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of AirTran Holdings, Inc. (“AirTran” or the “Company”) (NYSE: AAI) concerning the sale of the Company to Southwest Airlines (“Southwest”) (NYSE: LUV) for $3.75 in cash and 0.321 shares of Southwest Airlines' common stock, subject to certain adjustments.
According to press reports, the total potential consideration to AirTran shareholders appears to be in the range between $7.25 and $7.75 per share, depending on potential adjustments.
The investigation is focused on the potential unfairness of the consideration to AirTran shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among AirTran Board members. As reported by Yahoo! Finance, at least one analyst has set a target price of $11.00 for AirTran stock. If you are interested in discussing your rights as an AirTran shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.