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Follow on Google News | American Eagle Outfitters under investor investigation concerning takeover rumorsInvestigation for investors in American Eagle Outfitters shares over possible breaches of fiduciary duty - AEO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
By: Shareholders Foundation, Inc. If you purchased American Eagle Outfitters and currently continue to hold those NYSE AEO shares, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain directors and officers at American Eagle Outfitters or others breached or will breach their fiduciary duties in connection with a potential takeover and also in the event of a buyout. Shares of American Eagle Outfitters increased in response to the takeover rumors from $14.55 on Thursday to $16.14 per share. But AEO shares traded as high as $17.16 per share as recently as November 23, 2010 and as high as $19.34 per share in April 2010. During 2007 American Eagle Outfitters shares reached its all-time-high over $34 per AEO share. American Eagle Outfitters reported relatively stable revenue over the past four 52week filing periods ranging from $2.794billion to $3.055billion. Its Net Income over the past four 52week filing periods ranged from $169.02million to $400.02million. Therefore the investigation monitors and concerns whether the American Eagle Outfitters Board of Directors will undertake an adequate and fair sales process in the event of a takeover to obtain the maximized consideration for all shareholders of American Eagle Outfitters and will breach their fiduciary duties to American Eagle Outfitters (AEO) shareholder by failing to adequately shop the Company before entering into any transaction. A potential class action lawsuit would seek to maximize the amount of money and information NYSE AEO shareholders would receive in a buyout, so the law firm. Those who purchased American Eagle Outfitters (Public, NYSE-AEO) and currently continue to hold those NYSE AEO shares, and/or those who have any information relating the investigation, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. # # # The Shareholders Foundation, Inc. is a professional portfolio monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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