SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Digital River, Inc. And Encourages Invest...
01 Novembro 2014 - 12:25AM
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 Digital River, Inc. (“Digital
River” or the “Company”) (Nasdaq: DRIV) relating to the proposed
buyout of the Company by Siris Capital Group, LLC (“Siris”).
On October 23, 2014, Digital River announced the signing of a
definitive agreement pursuant to which Siris will acquire Digital
River in a transaction valued at approximately $840 million.
Under the terms of the transaction, Digital River shareholders
are anticipated to receive $26.00 in cash for each share of Digital
River common stock they own. The transaction is expected to close
in the first quarter of 2015, though Digital River shareholders
will most likely be asked to vote on the transaction well before
that time.
The firm’s investigation seeks to determine, among other things,
whether Digital River’s Board of Directors failed to satisfy their
duties to the Company’s shareholders, including whether the board
adequately pursued alternatives to the acquisition and whether the
board obtained the best price possible for the Company’s shares of
common stock.
If you currently own common stock of Digital River 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
Global X Autonomous and ... (NASDAQ:DRIV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Global X Autonomous and ... (NASDAQ:DRIV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Global X Autonomous and Electric Vehicles da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Digital River, Inc. (MM)