An investigation for investors in NASDAQ:MFRM shares was announced concerning whether the takeover of Mattress Firm Holding Corp. by Steinhoff International Holdings N.V. for $64.00 per share is unfair to NASDAQ:MFRM stockholders.
Investors who purchased shares of Mattress Firm Holding Corp (NASDAQ:MFRM) and currently hold any of those NASDAQ:MFRM shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Mattress Firm Holding Corp breached their fiduciary duties owed to NASDAQ:MFRM investors in connection with the proposed acquisition.
On August 08, 2016, Mattress Firm Holding Corp (NASDAQ:MFRM) announced that the Company and Steinhoff International Holdings N.V. have entered into a merger agreement under which Steinhoff International Holdings N.V. will, subject to the successful consummation of a cash tender offer and satisfaction of other customary closing conditions, acquire Mattress Firm for $64.00 per share in cash.
However, given that NASDAQ:MRFM shares reached as high as $71.03 per share in November 2014, the investigation concerns whether the offer is unfair to NASDAQ:MFRM stockholders. More specifically, the investigation concerns whether the Mattress Firm Holding 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.
On August 23, 2016, NASDAQ:MFRM shares closed at $64.01 per share.
Those who purchased NASDAQ:MFRM shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego