Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Rewards Network Inc. in Connection with t...
29 Octobre 2010 - 3:19AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Rewards Network Inc. (“Rewards Network” or the “Company”)
(NASDAQ:DINE) related to the Company’s agreement to be acquired by
EGI Acquisition, L.L.C. (“EGI Acquisition”). The proposed cash
transaction is valued at approximately $126 million.
Under the terms of the definitive merger agreement entered into
by the parties, through a cash tender offer EGI Acquisition will
offer to acquire all of the shares of Rewards Network common stock
not owned by EGI Acquisition for $13.75 per share in cash. EGI
Acquisition currently owns approximately 14% of the outstanding
shares of Rewards Network common stock. EGI Acquisition intends to
commence the tender offer within seven business days. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by Rewards Network’s board of directors.
If you are a shareholder of Rewards Network, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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