The Law Offices of Vincent Wong Notifies Investors of an
Investigation into AV Homes, Inc. in Connection with the Sale of the
Company to Taylor Morrison Home Corporation – AVHI
- NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of AV Homes, Inc. (“AV Homes” or the “Company”) (NASDAQGS: AVHI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Taylor Morrison Home Corporation (NYSE: TMHC). Under the terms of the deal, AV Homes stockholders may elect to receive: (i) $21.50 per share in cash; (2) 0.9793 shares of Taylor Morrison Class A stock; or (3) a combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A stock. TPG Capital, which holds 40% of AV Homes common stock, has already agreed to tender its shares. The investigation concerns whether the AV Homes Board of Directors breached their fiduciary duties to AV Homes stockholders by failing to adequately shop the Company before entering into this transaction and whether Taylor Morrison is underpaying for AV Homes shares, thus unlawfully harming AV Homes stockholders. If you own common stock in AV Homes and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or http://docs.wongesq.com/AVHI-Info-Request-Form-1936. Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
- 06/14/2018
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INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an
Investigation Regarding Whether the Sale of AV Homes, Inc. to Taylor
Morrison Home Corporation is Fair to Shareholders
- NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased AV Homes, Inc. (“AV Homes” or the “Company”) (NASDAQGS: AVHI) stock prior to June 7, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of AV Homes to Taylor Morrison Home Corporation (NYSE: TMHC). Under the terms of the transaction, AV Homes shareholders may elect to receive: (1) $21.50 per share in cash; (2) 0.9793 shares of Taylor Morrison Class A stock; or (3) a combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A stock. TPG Capital, which holds 40% of AV Homes common stock, has already agreed to tender its shares. To learn more about the action and your rights, go to: http://www.zlk.com/mna/av-homes-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The investigation concerns whether the Board of AV Homes breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Taylor Morrison is underpaying for AV Homes shares, thus unlawfully harming AV Homes shareholders. Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
- 06/12/2018
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AV Homes, Inc. Shareholder Alert: Former SEC Attorney Willie
Briscoe Investigates Merger with Taylor Morrison Home Corporation
- DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of AV Homes, Inc. (“AV”) (NasdaqGS: AVHI) concerning the merger with Taylor Morrison Home Corporation. Under the terms of the agreement, valued at approximately $963 million, AV shareholders will only receive $21.50 in cash and stock per AV share held. If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you. The investigation centers on whether AV’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. The Briscoe Law Firm, PLLC is a full-service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.
- 06/08/2018
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Bragar Eagel & Squire, P.C. is Investigating the Board of Directors
of AV Homes, Inc. (AVHI) on Behalf of Stockholders and Encourages
Investors to Contact the Firm
- NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of AV Homes, Inc. (NASDAQ:AVHI) stockholders concerning the proposed acquisition of the company by Taylor Morrison Home Corporation (NYSE: TMHC). Our investigation concerns whether AVHI’s board of directors failed to adequately shop the Company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Taylor Morrison Home. Under the terms of the agreement, AVHI stockholders will have the option to receive (i) $21.50 per share in cash for each AVHI share that they own; (ii) 0.9793 shares of Taylor Morrison Class A common stock; or (iii) a combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A common stock. If you own AVHI shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation of AV Homes, Inc., please go to http://www.bespc.com/AVHI. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.
- 06/08/2018
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AV HOMES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces
Investigation of Acquisition
- WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.: Do you own shares of AV Homes, Inc. (NASDAQ GS: AVHI)? Did you purchase any of your shares prior to June 7, 2018? Do you think the proposed acquisition is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of AV Homes, Inc. (“AV Homes” or the “Company”) (NASDAQ GS: AVHI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Taylor Morrison Home Corporation (“Taylor Morrison”) (NYSE: TMHC) in a transaction valued at approximately $963 million. Under the terms of the agreement, shareholders of AV Homes can elect to receive: (i) $21.50 in cash, (ii) 0.9793 shares of Taylor Morrison Class A common stock or (iii) the combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A common stock for each share of AV Homes common stock. If you own common stock of AV Homes and purchased any shares before June 7, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions. Attorney advertising. Prior results do not guarantee a similar outcome.
- 06/07/2018
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an
Investigation Regarding Whether the Sale of AV Homes, Inc. to Taylor
Morrison Home Corporation is Fair to Shareholders
- NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased AV Homes, Inc. (“AV Homes” or the “Company”) (NASDAQGS:AVHI) stock prior to June 7, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of AV Homes to Taylor Morrison Home Corporation (NYSE:TMHC). Under the terms of the transaction, AV Homes shareholders may elect to receive: (i) $21.50 per share in cash; (2) 0.9793 shares of Taylor Morrison Class A stock; or (3) a combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A stock. TPG Capital, which holds 40% of AV Homes common stock, has already agreed to tender its shares. To learn more about the action and your rights, go to: http://www.zlk.com/mna/av-homes-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The investigation concerns whether the Board of AV Homes breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Taylor Morrison is underpaying for AV Homes shares, thus unlawfully harming AV Homes shareholders. Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
- 06/07/2018
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New and Enhanced Amenities to Deliver a Bigger, Better, and Bolder
Solivita
- ORLANDO, Fla.--(BUSINESS WIRE)--AV Homes, Inc. (Nasdaq:AVHI), a leading homebuilder with award-winning active adult communities in Florida, Arizona and North Carolina, today announced the addition of new and enhanced amenities at Solivita, its nationally recognized 55+ community in Kissimmee, Fla. Upgrades to the community, which already boasts more than 150,000 square feet of resort-style amenities, are part of a larger series over a few years. “Solivita is a premier Active Adult community noted as one of the top 5 in the country, and it is only going to get better,” said Matt Orosz, Central Florida Division Co-President of AV Homes. “While AV Homes is proud of our leadership position, and the more than seventy awards Solivita has received for excellence in design, community planning and environmental sustainability, we understand it’s recognition we didn’t earn by resting on our laurels.” A remodel of the Stonegate Grille began this month. AV Homes is investing in modernizing, updating, and upgrading the restaurant, which will be relaunched as the Stonegate Sports Bar and Grille upon completion. This includes a fresh and enlarged outdoor seating area, redecorated dining area, a new sports bar with TVs and new updated kitchen. AV Homes also tapped Hampton Golf to manage and operate the Stonegate Grille, Stonegate Golf Club, Mosaics Restaurant and the Bistro. Hampton Golf is a sister company to Evergreen Lifestyles Management which currently manages the Homeowners’ Association for Solivita, so combining golf, food and beverage, facility and HOA management will ensure a streamlined, coordinated effort. AV Homes will also add a pharmacy and convenience store offering sundries on Village Drive. Furthermore, a new manned, gated entrance which will include high-end transponder technology and a license plate recognition system will open at the west entrance of Solivita Boulevard. The guard gate will come as the second phase of the Poinciana Parkway concludes, providing access to on and off ramps on Cypress Parkway, east of the Solivita Boulevard west entrance. The Poinciana Parkway, which saw its first phase completed in April, has always been a part of AV Homes’ long-term growth strategy to enhance the community for residents and attract new home buyers. The roadway provides additional access to Solivita where AV Homes has earmarked 3,000 acres towards future development. Plans include additional communities, as well as commercial development throughout the area. “The completion of Poinciana Parkway aligns perfectly with the additional residential and commercial development we have planned,” added Orosz. “Solivita will only continue to evolve into an even better active adult’s paradise, delivering new enhancements that are not only a reflection – but truly worthy – of the dynamic and incredible residents who currently live here, and the ones who will one day call our community - home.” For more information about AV Homes’ communities, please visit www.avhomesinc.com. About AV Homes AV Homes is engaged in homebuilding and community development in Florida, Arizona, and the Carolinas. Its principal operations are conducted in the greater Orlando, Jacksonville, Phoenix, Charlotte, and Raleigh markets. The Company builds communities that serve both active adults (55 years and older) as well as people of all ages. AV Homes common shares trade on NASDAQ under the symbol AVHI. For more information, visit www.avhomesinc.com.
- 08/10/2016
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AV Homes Kicks Off 2015 with Six National Industry Honors
- ORLANDO, Fla.--(BUSINESS WIRE)--AV Homes (Nasdaq: AVHI), a leading builder of resort-style homes and communities in Arizona, Florida and North Carolina, was recently honored with five Best of 50+ Housing Awards by the National Association of Homebuilders (NAHB). The NAHB 50+ Housing Council’s Best of 50+ Housing Awards program is the industry's most prestigious national awards program honoring innovation and excellence in building, design and marketing of housing for active adults. The company also received a top five ranking on the 55 Best 55+ Communities in America 2015 list by 55Places.com, a leading resource for information about active adult communities. “With more than a quarter-million Americans entering retirement age each month, the number of active adult communities continues to skyrocket, especially in desirable markets like Florida, where AV Homes has created numerous award-winning communities,” said Roger Cregg, CEO and president of AV Homes. “We’re honored to receive this esteemed recognition for our commitment to building communities with innovative design and exceptional craftsmanship and amenities that deliver an enriched living experience.” Honored by NAHB 50+ Housing Council just two years after being transitioned to an AV Homes community, Vitalia at Tradition, a lush 450-acre lakefront active adult community, won two Silver awards in the categories of “Best Re-Positioned Community” and “Best Clubhouse over 6,000 Square Feet.” Vitalia’s new resident clubhouse, Captiva Club, features 24,000 square feet of amenities including a state-of-the-art fitness center, a grand ballroom and heated tropical pool complete with cabanas and outdoor dining. Solivita, an active adult community in the heart of Central Florida’s attraction zone boasting over 150,000 square feet of amenities, was honored with three NAHB 50+ Housing Council awards. The community took home a Gold award for “Best 50+ Sales/Marketing Events,” for the grand opening event launching its new Tuscan-inspired home design, La Dolce Vita. Solivita also received two Silver awards for “Best Detached Home Up to 2,100 Square Feet,” for its Calabria and Siena home designs. Showcasing modern open floor plans, sun-washed kitchens and versatile flex rooms and studies, the Calabria and Siena home designs are two of the top-selling designs at Solivita. Additionally, Solivita was ranked as one of the top five active adult communities in the nation by 55Places.com in its 55 Best 55+ Communities in America for the 2015 list. The annual list showcases active adult communities offering world-class amenities and finely crafted affordable homes in the country’s most sought after locations. In addition to Solivita and Vitalia in Florida, AV Homes is also the builder and developer of previous NAHB 50+ Council award winner, CantaMia in Phoenix, a 55-plus community built into the foothills of the Estrella mountains after years of studying the active adult and baby boomer lifestyle. The company is also launching two new 55-plus communities, Encore at Eastmark in Phoenix and Creekside at BethPage in Raleigh-Durham, this spring. AV Homes (Nasdaq: AVHI) is celebrating 20 years on the NASDAQ and has 50 years of experience in homebuilding, land development and other real estate operations in Florida, Arizona and North Carolina. AV Homes creates homes and communities emphasizing healthy living and community involvement for all ages, including active adult communities for those 55-plus. For more information, visit www.AVHomesInc.com
- 02/10/2015
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AV HOMES INC. SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky,
LLP Launches an Investigation into Possible Breaches of Fiduciary Duty
by the Board of Directors of AV Homes Inc.
- NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating AV Homes Inc. (Nasdaq:AVHI) in connection with possible claims of breaches of fiduciary duty. To get more information, click here: http://zlk.9nl.com/av-homes-avhi/. There is no cost or obligation to you. If you own common stock in AV Homes Inc. and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/av-homes-avhi/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
- 08/26/2013
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ATTENTION SHAREHOLDERS: AV Homes, Inc (AVHI) Under Investigation by
The Young Law Firm
- PHOENIXVILLE, Pa.--(BUSINESS WIRE)--The Young Law Firm is investigating possible claims on behalf of investors in AV Homes, Inc, (“AV Homes” or the “Company”) concerning possible violations of state and federal law. The investigation concerns the Company’s recent announcement that private investment firm TPG is to invest $135 million in the Company and will acquire a 41.9% ownership interest in AV Homes on an as-converted basis following the closing of the transaction. AV Homes is engaged in homebuilding, community development and land sales in Florida and Arizona. AV Homes common shares trade on NASDAQ under the symbol AVHI. The investigation by The Young Law Firm relates to TPG’s agreement to acquire 2,557,474 shares of AV Homes’ common stock and 665,754.3 shares of a newly authorized series of the AV Homes’ preferred stock, for an aggregate investment in AV Homes by TPG of $135 million. The preferred stock will be convertible into shares of common stock following the receipt of the requisite approval of AV Homes’ stockholders at an initial conversion ratio equal to ten shares of common stock per share of preferred stock, subject to adjustment. The Young Law Firm is investigating the price paid by TPG and further investigating related agreements between TPG and AV Homes including a “Management Services Agreement” pursuant to which, on June 20, 2013 the Company paid an affiliate of TPG a transaction fee of $4.7 million. If you purchased AV Homes stock, have information about the Company’s financial statements, or would like to learn more, please contact: Henry Young Esq.The Young Law FirmToll Free: (888) 452-7252Email: contact@theyounglf.comor visit: www.theyounglf.com/av-homes-class-action-lawsuit-avhi/ Henry Young Esq., the Firm’s founder, has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and class action cases in general, please visit our website: www.theyounglf.com. This press release may be considered attorney advertising. Past results do not guarantee future performance.
- 07/15/2013
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