Robbins Arroyo LLP: Acquisition of Alliance Fiber Optic Products, Inc. (AFOP) by Corning Incorporated May Not Be in Shareholders’ Best Interests
Robbins Arroyo LLP is investigating the proposed acquisition of Alliance Fiber Optic Products Inc. (NASDAQ: AFOP) by Corning Inc. (NYSE: GLW). On April 7, 2016, the two companies announced they have entered into a definitive merger agreement pursuant to which Corning will acquire Alliance Fiber Optic. Under the terms of the agreement, Alliance Fiber Optic shareholders will receive $18.50 in cash for each share of Alliance Fiber Optic common stock. Robbins Arroyo LLP’s investigation focuses on whether the board of directors at Alliance Fiber Optic is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
Alliance Fiber Optic shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.
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