Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Internet Brands, Inc. - INET
20 Septembre 2010 - 7:29PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Internet Brands, Inc. (“Internet Brands” or the
“Company”) (NasdaqGS: INET) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Hellman & Friedman Capital Partners VI, L.P. The
proposed transaction offers Internet Brands shareholders to only
receive $13.35 in cash for each share they own. According to
Thomson/First Call, at least one financial analyst values Internet
Brands’ common stock at $14.00 per share.
Whether the Internet Brands’ Board of Directors breached their
fiduciary duties to Internet Brands’ stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Internet Brands’ shares and by how
much this proposed transaction undervalues the Company to the
detriment of Internet Brands shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Internet Brands and wish to obtain
additional information, please visit us at
www.faruqilaw.com/internetbrands or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Contact:Faruqi & Faruqi, LLP369 Lexington Avenue,
10th FloorNew York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Internet Brands, Inc. (MM) (NASDAQ:INET)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Internet Brands, Inc. (MM) (NASDAQ:INET)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Internet Brands, Inc. (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Faruqi & Faruqi, LLP