SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Everyday Health, Inc. And Encourages Inv...
24 Outubro 2016 - 4:46PM
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 Everyday Health, Inc.
(NYSE: EVDY) (“Everyday Health” or the “Company”) relating to
the proposed buyout of Everyday Health by Ziff Davis.
Under the terms of the agreement, Everyday Health shareholders
are anticipated to receive $10.50 in cash for each share of
Everyday Health 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. For example, according
to Yahoo! Finance, at least one Wall Street analyst has issued a
price target for Everyday Health stock at $17.00 per share.
If you currently own common stock of Everyday Health and believe
that the proposed buyout price is too low, and 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/20161024006324/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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