July 1, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Diamond Resorts International Inc (NYSE:DRII), was announced concerning whether the takeover of Diamond Resorts International Inc . by affiliates of certain funds managed by affiliates of Apollo Global Management, LLC at $30.25 per share is unfair to NYSE:DRII stockholders.

The investigation by a law firm concerns whether certain officers and directors of Diamond Resorts International Inc breached their fiduciary duties owed to NYSE:DRII investors in connection with the proposed acquisition.

On June 29, 2016, Diamond Resorts International Inc (NYSE:DRII) announced that it has entered into an Agreement and Plan of Merger with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC pursuant to which those Funds will acquire Diamond Resorts International Inc (NYSE:DRII) for $30.25 per share or approximately $2.2 billion.

However, given that at least one analyst has set its high target price at $35.00 per share and given that NYSE:DRII shares traded in 2015 as high as $34.65 per share, the investigation concerns whether the offer is unfair to NYSE:DRII stockholders. More specifically, the investigation concerns whether the Diamond Resorts 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.

Diamond Resorts International Inc reported that its annual Total Revenue rose from $844.57 million in 2104 to $954.04 million in 2015 and that its Net Income increased from $59.46 million in 2014 to $149.48 million in 2015.

On July 1, 2016, NYSE:DRII shares closed at $29.96 per share.