Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of AirTran Holdings, Inc., in Connection with the Proposed Acquisition of the Company by Southwest Airlines Co.
Thursday, December 09, 2021 7:30 PM

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Dec. 9, 2010 (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of AirTran Holdings, Inc. (“AirTran” or the “Company”) (NYSE:AAI) related to the Company’s agreement to be acquired by Southwest Airlines Co. (“Southwest Airlines”). The proposed cash-and-stock transaction is valued at approximately $1.4 billion.

Under the terms of the definitive agreement entered into by the parties, each share of AirTran common stock will be exchanged for $3.75 in cash and 0.321 shares of Southwest Airlines common stock, subject to certain adjustments, based on Southwest Airlines’ share price prior to closing of the transaction. The proposed transaction values AirTran common stock at $7.69 per share. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by AirTran’s board of directors.

If you are a shareholder of AirTran, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com


(Source: Business Wire )
(Source: Quotemedia)
 

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