The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into
Possible Breaches of Fiduciary Duty by the Board of SVVS
Levi & Korsinsky is investigating the Board of Directors of Savvis, Inc.
(Nasdaq: SVVS) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company to
CenturyLink, Inc. (NYSE: CTL).
New York, NY, April 28, 2011 -- Levi & Korsinsky is investigating the
Board of Directors of Savvis, Inc. (“Savvis” or the “Company”) (Nasdaq:
SVVS) for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to CenturyLink, Inc.
(NYSE: CTL). Under the terms of the transaction, Savvis shareholders will
receive $30 per share in cash and 0.2905 of a share of CenturyLink common
stock. The transaction implies a value of approximately $40 per Savvis
share for a total transaction value of approximately $2.5 billion,
including the assumption of approximately $700 million in debt.
Click here to learn how to join the action: http://www.zlk.com/savvis-
svvs.html, or call: 877-363-5972.
The investigation concerns whether the Savvis Board of Directors breached
their fiduciary duties to Savvis stockholders by failing to adequately
shop the Company before entering into this transaction and whether
CenturyLink, Inc. is underpaying for Savvis shares, thus unlawfully
harming Savvis stockholders. In particular, at least one analyst set a
price target for Savvis stock at $46 per share.
If you own common stock in Savvis and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-
5972, or visit http://www.zlk.com/savvis-svvs.html.
Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud
and represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. The attorneys at Levi
& Korsinsky have been appointed by numerous courts throughout the country
to serve as lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky,
Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-
7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
Levi & Korsinsky, LLP
30 Broad St.
New York, NY 10004