MOVE, INC. SHAREHOLDER ALERT: Proposed Sale of Move, Inc. under Investigation by Johnson & Weaver, LLP in Connection with the...
30 Setembro 2014 - 9:31AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of Move,
Inc. (NASDAQ: MOVE) breached their fiduciary duties in connection
with the proposed $950 million sale of the Company to News
Corp.
If you are a Move, Inc. shareholder and would like additional
information concerning your legal rights, please contact Johnson
& Weaver’s lead analyst Jim Baker at
jimb@johnsonandweaver.com or 619-814-4471.
Additional Information:
Move operates an online network of websites for real estate
search, finance, and moving and home enthusiasts in North
America.
On September 30, 2014, Move and News Corp entered into an
agreement whereby News Corp will acquire Move in a $950 million
transaction. Under the terms of the agreement, Move shareholders
will receive $21.00 per share in cash. The acquisition is expected
to be completed by year end, although shareholders will likely be
asked to vote on the transaction well before then.
Nationally recognized Johnson & Weaver, which focuses its
practice on shareholder rights, is investigating whether the
proposed $21.00 per share deal price represents adequate
consideration, especially given the Company’s recent success and
promise of future growth. Moreover, one Wall Street analyst has a
$23.00 price target on the stock which is far more than the $21.00
offer price.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California , New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
Movano (NASDAQ:MOVE)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Movano (NASDAQ:MOVE)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024