INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Sizmek Inc. And Encourages Shareholders To ...
08 Agosto 2016 - 4:58PM
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 Sizmek Inc. (NASDAQ: SZMK)
(“Sizmek” or the “Company”) relating to the proposed buyout of
Sizmek by Vector Capital.
Under the terms of the agreement, Sizmek shareholders are
anticipated to receive $3.90 in cash for each share of Sizmek
common stock held. The firm’s investigation seeks to determine,
among other things, whether the Company’s Board of Directors failed
to satisfy their duties to 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. The transaction may undervalue
the Company and would result in no real gain or a loss for many
Sizmek shareholders, especially given that the Company’s 52-week
high is $7.74.
If you currently own common stock of Sizmek and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160808006168/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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