Shareholders Foundation, Inc.

Borderfree Inc (NASDAQ:BRDR) Investor Alert: Acquisition Faces Investigation

An investigation on behalf of investors of Borderfree Inc (NASDAQ:BRDR) in connection with the proposed takeover was announced and NASDAQ:BRDR stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/13/2015 -- An investigation on behalf of investors, who currently hold shares of Borderfree Inc (NASDAQ:BRDR), was announced concerning whether the takeover of Borderfree Inc by Pitney Bowes Inc for $14.00 per share is unfair to NASDAQ:BRDR stockholders.

Investors who purchased shares of Borderfree Inc (NASDAQ:BRDR) and currently hold any of those NASDAQ:BRDR 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 officers and directors of Borderfree Inc breached their fiduciary duties owed to NASDAQ:BRDR investors in connection with the proposed acquisition.

On May 5, 2015 Borderfree Inc (NASDAQ:BRDR) announced that it signed an agreement to be acquired by Pitney Bowes Inc. (NYSE:PBI) for $14.00 per share in cash.

However, given that NASDAQ:BRDR shares traded in March 2014 as high as $20 per share, the investigation concerns whether the offer is unfair to NASDAQ:BRDR stockholders. More specifically, the investigation concerns whether the Borderfree 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.

Borderfree Inc reported that its annual Total Revenue rose from $36.79 million in 2011 to $125.49 million in 2014.

On May 11, 2015, NASDAQ:BRDR shares closed at $13.97 per share.

Those who are current investors in Borderfree Inc (NASDAQ:BRDR) 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