Harwood Feffer LLP Announces Investigation of AboveNet, Inc.

NEW YORK, March 19, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of AboveNet, Inc. ("AboveNet" or the "Company") (NYSE: ABVT) concerning the proposed acquisition of the Company by Zayo Group, LLC. ("Zayo") in a transaction valued at approximately $2.2 billion. 

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On March 19, 2012, it was announced that AboveNet and Zayo have entered into a definitive agreement pursuant to which Zayo will acquire AboveNet.  Under the agreement, AboveNet shareholders will receive $84.50 in cash per share held.  At least one analyst has set a target price for AboveNet stock of $86.00 per share.

Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of AboveNet, disclosing all material benefits and costs and obtaining full and fair consideration for AboveNet shareholders. 

If you own AboveNet shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
                         (212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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