Abraham, Fruchter & Twersky, LLP Announces Investigation of Answers Corporation

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					Abraham, Fruchter & Twersky, LLP Announces
Investigation of Answers Corporation
February 03, 2011 07:15 PM Eastern Time  

NEW YORK--(EON: Enhanced Online News)--Abraham, Fruchter & Twersky, LLP has commenced an
investigation against the board of directors of Answers Corporation (“Answers” or the “Company”)
(NASDAQ:ANSW) for possible breaches of fiduciary duty and other violations of state and federal securities laws
related to a proposed acquisition of Answers by AFCV Holdings, LLC (“AFCV Holdings”), a portfolio company of
Summit Partners.

On February 3, 2011, Answers announced that it had entered into a definitive merger agreement to be acquired by
AFCV Holdings in a transaction valued at approximately $127 million. Under the terms of the transaction, Answers’ 
common stockholders will receive $10.50 per share in cash. The holders of Series A and Series B convertible
preferred stock will also be entitled to receive cash consideration based on the number of shares of common stock
into which the preferred shares are convertible at the time of the proposed merger. Abraham, Fruchter & Twersky,
LLP is investigating whether the proposed transaction is the product of a flawed process designed to ensure the
Company’s sale on terms favorable to AFCV Holdings and Summit Partners, but detrimental to the public
shareholders.

If you own shares of Answers and would like to discuss this action, or if you have any questions concerning this
notice or your rights as a potential class member or lead plaintiff, you may contact: Philip T. Taylor of Abraham,
Fruchter & Twersky, LLP toll free at (800) 440-8986, or via e-mail at info@aftlaw.com or ptaylor@aftlaw.com.

Abraham, Fruchter & Twersky, LLP has extensive experience in shareholder and securities class action cases, and
the firm has been ranked among the leading class action law firms in terms of recoveries achieved by a survey of
class action law firms conducted by Institutional Shareholder Services.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contacts
Abraham, Fruchter & Twersky, LLP
Philip T. Taylor
One Penn Plaza, Suite 2805
New York, N.Y. 10119
Telephone: (800) 440-8986

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Description: NEW YORK--(EON: Enhanced Online News)--Abraham, Fruchter & Twersky, LLP has commenced an investigation against the board of directors of Answers Corporation (“Answers” or the “Company”) (NASDAQ:ANSW) for possible breaches of fiduciary duty and other violations of state and federal securities laws related to a proposed acquisition of Answers by AFCV Holdings, LLC (“AFCV Holdings”), a portfolio company of Summit Partners. On February 3, 2011, Answers announced that it had entered into a defini a style='font-si
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