Shareholders Foundation, Inc.

Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) Shareholder Notice: Lawsuit Against Acquisition Filed

A lawsuit was filed for investors in shares of Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) in connection with the proposed takeover was announced and NASDAQ:PWRD stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 07/15/2015 -- An investor who currently holds shares of Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD), filed a lawsuit in effort to halt the proposed takeover of Perfect World Co., Ltd.

Investors who purchased shares of Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) and currently hold any of those NASDAQ:PWRD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:PWRD stockholders by agreeing to sell Perfect World Co., Ltd. too cheaply via an unfair process.

On April 26, 2015, Perfect World Co., Ltd. (NASDAQ: PWRD) announced that it has entered into an Agreement and Plan of Merger with Perfect Peony Holding Company Limited ("Parent"), an exempted company with limited liability incorporated under the laws of the Cayman Islands and beneficially owned by Mr. Michael Yufeng Chi, the Company's founder and chairman of the board of directors, and Perfect World Merger Company Limited ("Merger Sub"), a wholly owned subsidiary of Parent. Under the terms of the proposed transaction Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) shareholders will receive $4.04 in cash, and American Depositary Shares, representing five Class B shares, will be exchanged for $20.20 in cash.

However, the plaintiff claims that the proposed consideration NASDAQ:PWRD shareholders will receive is grossly inadequate and undervalues Perfect World Co., Ltd. Perfect World Co., Ltd. reported that its annual total Revenue rose from over $2.77 billion in 2012 to over $3.05 billion in 2013 and that its respective Net Income increased from $540.65 million to $542.41 million. In addition, the plaintiff claims that the process is also unfair to NASDAQ:PWRD stockholders.

On July 13, 2015, NASDAQ:PWRD shares closed at $19.67 per share

Those who are current investors in Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com