NEW YORK--(BUSINESS WIRE)--
The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased ILG, Inc. (“ILG” or the “Company”) (NASDAQGS: ILG) stock prior to April 30, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of ILG to Marriott Vacations Worldwide Corporation (“MVW”) (NYSE: VAC). Under the terms of the transaction, ILG shareholders will receive $14.75 in cash and 0.165 shares of MVW common stock for each ILG share they own. Based on the closing price of MVW shares on April 27, 2018, this represents a value of approximately $36.93 per ILG share. To learn more about the action and your rights, go to:
http://www.zlk.com/mna/ilg-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] 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 ILG breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether MVW is underpaying for ILG shares, thus unlawfully harming ILG shareholders. In particular, at least one analyst set a price target of $38 per ILG share.
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.
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