Advance America, Cash Advance Centers, Inc. Investigated Over Sale To Grupo Elektra, S.A.B. de C.V.

  • Do you own shares of Advance America, Cash Advance Centers, Inc. (NYSE: AEA)?
  • Did you buy any shares before February 16, 2012?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is a national law firm with decades of combined legal experience.  R & L is investigating potential claims against the board of directors of Advance America, Cash Advance Centers, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company's entry into an agreement to be acquired by Grupo Elektra, S.A.B. de C.V. for approximately $780 million.

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Advance America, Cash Advance Centers, Inc. (NYSE: AEA) Investigated By Rigrodsky & Long, P.A. Over Its Sale To Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA.MX)

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Advance America, Cash Advance Centers, Inc. (“Advance America” or the “Company”) (NYSE: AEA) concerning possible breaches of fiduciary duty and other violations of law related to the sale of the Company to Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA.MX) for $10.50 or approximately $780 million.

The investigation concerns whether the Company’s board of directors achieved the best price reasonably available in negotiating the sale of Advance America and whether the cash price to be paid to Advance America’s shareholders is fair and adequate.

If you own shares of Advance America and purchased your shares before February 16, 2012, 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 Scott J. Farrell, Esquire by telephone toll free at (888) 969-4242 or (516) 683-3516 or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout theUnited States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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