SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Move, Inc. And Encourages Investors To Co...
01 Outubro 2014 - 7:26PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Move, Inc. (“Move” or the
“Company”) (Nasdaq: MOVE) relating to the proposed buyout of the
Company by News Corp. (“News Corp.”).
Under the terms of the transaction, Move shareholders are
anticipated to receive $21.00 in cash for each share of Move common
stock they own. The firm’s investigation seeks to determine, among
other things, whether the Company’s Board of Directors breached
their fiduciary duties by failing to maximize shareholder value
before agreeing to enter into the transaction, and whether News
Corp. is underpaying for Move shares. In particular, according to
Yahoo! Finance, at least one Wall Street analyst has issued a price
target for Move stock at $23.00 per share.
If you currently own common stock of Move and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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