An investigation for investors in NASDAQ:CIFC shares was announced concerning whether the takeover of CIFC LLC. by F.A.B. Partners for $11.46 per share is unfair to NASDAQ:CIFC stockholders.
Investors who purchased shares of CIFC LLC (NASDAQ:CIFC) and currently hold any of those NASDAQ:CIFC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of CIFC LLC breached their fiduciary duties owed to NASDAQ:CIFC investors in connection with the proposed acquisition.
On August 19, 2016, CIFC LLC (NASDAQ:CIFC) and F.A.B. Partners announced that CIFC LLC (NASDAQ:CIFC) and an affiliate of F.A.B. Partners have entered into a merger agreement under which F.A.B. Partners will acquire CIFC LLC (NASDAQ:CIFC) for approximately $333 million in cash. Under the terms of the merger agreement, CIFC LLC (NASDAQ:CIFC) shareholders will be entitled to receive $11.46 per share.
However, given that Columbus Nova, CIFC LLC’s majority shareholder, has already agreed to vote its shares in favor of the transaction, the investigation concerns whether the offer is unfair to NASDAQ:CIFC stockholders. More specifically, the investigation concerns whether the CIFC 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 September 21, 2016, CIFC LLC (NASDAQ:CIFC) shares closed at $11.15 per share.
Those who are current investors in NASDAQ:CIFC 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