The Law Office of Abe Shainberg Announces an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Inter...
20 Setembro 2010 - 2:59PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Internet Brands, Inc. (NasdaqGM: INET) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Hellman &
Friedman Capital Partners VI, L.P. ("Hellman & Friedman").
Under the terms of the going private transaction, Internet Brands
shareholders will receive $13.35 in cash for each share of Internet
Brands common stock they own for a total transaction value of
approximately $640 million.
The investigation concerns whether the Internet Brands Board of
Directors breached their fiduciary duties to Internet Brands
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Hellman & Friedman
is underpaying for Internet Brands shares. According to
Thomson/First Call, at least one analyst set a price target for
Internet Brands stock at $14.00 per share.
If you own common stock in Internet Brands and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/internetbrands-inet.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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