An investigation on behalf of investors of Blackhawk Network Holdings Inc (NASDAQ:HAWK) in connection with the proposed takeover was announced and NASDAQ:HAWK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/23/2018 -- An investigation was announced investors in NASDAQ:HAWK shares over the takeover of Blackhawk Network Holdings Inc. for $45.25 per share.
Investors who purchased shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) and currently hold any of those NASDAQ:HAWK shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of Blackhawk Network Holdings Inc breached their fiduciary duties owed to NASDAQ:HAWK investors in connection with the proposed acquisition.
On January 16, 2018, Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) announced that Silver Lake and P2 Capital Partners have agreed to acquire Blackhawk Network Holdings Inc (NASDAQ:HAWK) in an all-cash transaction for a total consideration of approximately $3.5 billion, which includes Blackhawk's debt. Under the terms of the agreement, Blackhawk Network Holdings Inc (NASDAQ:HAWK) stockholders will receive $45.25 per share in cash upon closing of the transaction.
However, given that at least one analyst has set the high target price for NASDAQ:HAWK shares at $51.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:HAWK stockholders. More specifically, the investigation concerns whether the Blackhawk Network Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) closed on January 22, 2018 at $45.20 per share.
Those who are current investors in Blackhawk Network Holdings Inc (NASDAQ:HAWK) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com