The Shareholders Foundation announces that an investor, who currently holds shares of DFC Global Corp (NASDAQ:DLLR) filed a lawsuit in effort to halt the takeover of DFC Global Corp by an affiliate of Lone Star Funds for $9.50 per share.
Investors who purchased shares of DFC Global Corp (NASDAQ:DLLR) and currently hold any of those NASDAQ:DLLR shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:DLLR stockholders by agreeing to sell DFC Global Corp too cheaply via an unfair process.
On April 2, 2014, DFC Global Corp announced that it has entered into an agreement to be acquired by an affiliate of Lone Star Funds in a transaction, including the assumption of net debt, valued at approximately $1.3 billion. Under the terms of the agreement, DFC Global stockholders will receive $9.50 in cash for each share of DFC Global’s common stock they own.
However, the plaintiff claims that the $9.50-offer is too low and undervalues DFC Global Corp. Indeed, NASDAQ:DLLR shares traded as recently as January 2014 to as high as $11.59 per share, respectively as high as $13.15 per share in November 2013, and that at least one analyst has set the high target price at $15.00 per share. In addition, DFC Global Corp’s performance improved recently. For instance, DFC Global Corp reported that its Total Revenue rose from $59.40 per share for the 12 months period that ended on June 30, 2010 to over $1.03 billion for the 12 months period that ended on June 30, 2013.
Shares of DFC Global Corp closed on April 17, 2014, at $9.42 per share.
Those who are current investors in DFC Global Corp (NASDAQ:DLLR) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego