Law Office of Brodsky & Smith, LLC Announces Investigation of Vertro, Inc.
17 Octobre 2011 - 11:58PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Vertro, Inc. (“Vertro” or the “Company”) (Nasdaq: VTRO) relating to
the proposed acquisition by Inuvo, Inc. (“Inuvo”).
Under the terms of the transaction Vertro shareholders would
receive 1.546 shares of Inuvo common stock for each share Vertro
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Vertro by not acting in the Vertro shareholders' best
interests in connection with the sale process to Inuvo. The
transaction may undervalue the Company as Vertro stock traded at
$5.35 on February 4, 2011 and an analyst has set a price target of
$3.00 for Vertro stock. In addition, Vertro’s President and CEO is
expected to be the President and CEO of the combined company.
If you own shares of Vertro stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/342-vtro-vertro-inc.html, or by calling
toll free 877-LEGAL-90.
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