October 21, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN), was announced concerning whether the takeover of AirMedia Group Inc by AirMedia Holdings Ltd is unfair to NASDAQ:AMCN stockholders.

The investigation by a law firm concerns whether certain officers and directors of AirMedia Group Inc breached their fiduciary duties owed to NASDAQ:AMCN investors in connection with the proposed acquisition.

On September 30, 2015, AirMedia Group Inc (ADR) (NASDAQ:AMCN) announced that it has entered into an agreement and plan of merger with AirMedia Holdings Ltd. and AirMedia Merger Company Limited, a wholly owned subsidiary of AirMedia Holdings Ltd, pursuant to which AirMedia Holdings Ltd will acquire AirMedia Group Inc (ADR) (NASDAQ:AMCN) for US$3.00 per ordinary share of the Company or US$6.00 per American depositary share, each representing two Shares (an 'ADS').

However, given that at least one analyst has set the high target price for NASDAQ:AMCN shares at $6.90 per share and given that NASDAQ:AMCN shares traded as recently as June 2015 in the open market as high as $7.34 per share, the investigation concerns whether the offer is unfair to NASDAQ:AMCN stockholders. More specifically, the investigation concerns whether the AirMedia Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.