An investigation for investors in NASDAQ:UNTD shares was announced concerning whether the takeover of United Online, Inc at $11.00 per share is unfair.
Investors who purchased shares of United Online, Inc. (NASDAQ:UNTD) and currently hold any of those NASDAQ:UNTD shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of United Online, Inc. breached their fiduciary duties owed to NASDAQ:UNTD investors in connection with the proposed acquisition.
On May 04, 2016, United Online, Inc. (NASDAQ:UNTD) announced an agreement under which B. Riley Financial, Inc. and certain of its affiliates will acquire all of United Online’s common stock for approximately $170 million in cash or $11.00 per share.
However, given that at least one analyst has set the high target price for NASDAQ:UNTD shares at $19.50 per share and given that NASDAQ:UNTD shares traded in the open market as high as $12.50 per share as recently as March 2016, the investigation concerns whether the offer is unfair to NASDAQ:UNTD stockholders. More specifically, the investigation concerns whether the United Online 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.
Shares of United Online, Inc. (NASDAQ:UNTD) closed on May 18, 2016, at $10.84 per share.
Those who are current investors in NASDAQ:UNTD shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego