San Diego, CA -- (SBWIRE) -- 04/21/2017 -- An investigation on behalf of investors, who currently hold shares of RetailMeNot Inc (NASDAQ:SALE), was announced concerning the takeover of RetailMeNot Inc. by Harland Clarke Holdings Corp for $11.60 per share.
Investors who purchased shares of RetailMeNot Inc (NASDAQ:SALE) and currently hold any of those NASDAQ:SALE shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of RetailMeNot Inc breached their fiduciary duties owed to NASDAQ:SALE investors in connection with the proposed acquisition.
On April 10, 2017, Harland Clarke Holdings Corp. announced it has reached an agreement to acquire RetailMeNot, Inc. (NASDAQ:SALE). Under the agreement, Harland Clarke Holdings will acquire all of the outstanding shares of RetailMeNot Inc (NASDAQ:SALE) Series 1 common stock for $11.60 per share in cash.
However, the investigation concerns whether the offer is unfair to NASDAQ:SALE stockholders. More specifically, the investigation concerns whether the RetailMeNot Inc 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 RetailMeNot Inc (NASDAQ:SALE) closed on April 20, 2017 at $11.50 per share.
Those who are current investors in RetailMeNot Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego