An investigation for investors in NYSE:NSR shares was announced over the buyout of Neustar Inc. by a private investment group led by Golden Gate Capital for $33.50 per share.
Investors who purchased shares of Neustar Inc (NYSE:NSR) and currently hold any of those NYSE:NSR 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 directors of Neustar Inc breached their fiduciary duties owed to NYSE:NSR investors in connection with the proposed acquisition.
On December 14, 2016, Neustar Inc (NYSE:NSR) announced that it has entered into an agreement to be acquired by a private investment group led by Golden Gate Capital in a transaction valued at approximately $2.9 billion, including debt to be refinanced. Under the terms of the agreement, Neustar’s shareholders will receive $33.50 per share in cash.
However, the investigation concerns whether the offer is unfair to NYSE:NSR stockholders. More specifically, the investigation concerns whether the Neustar 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.
Neustar Inc reported that its annual Total Revenue rose from $963.59 million in 2014 to over $1.04 billion in 2015 and that its Net Income rose from $163.69 million in 2014 to $175.46 million in 2015. Shares of Neustar Inc (NYSE:NSR) reached as high as $55.71 per share in August 2013.
Those who are current investors in NYSE:NSR shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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