Ryan & Maniskas, LLP Announces Investigation of Internet Brands, Inc.
20 Septembre 2010 - 10:35PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/inet) is
investigating potential claims against the board of directors of
Internet Brands, Inc. ("Internet Brands" or the "Company") (NASDAQ:
INET) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell Internet
Brands to Hellman & Friedman Capital Partners VI, L.P. in a
transaction with a value of approximately $640 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Internet Brands. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/inet.
Under the terms of the agreement, shareholders of Internet
Brands will receive $13.35 in cash for each share of Internet
Brands common stock they hold.
If you own shares of Internet Brands and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or
to sign up online, visit: www.rmclasslaw.com/cases/inet. You may
also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more
information about class action cases in general, please visit our
website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Internet Brands, Inc. (MM) (NASDAQ:INET)
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