HotPennyStockNews.com is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
Los Angelas, CA -- (SBWIRE) -- 02/20/2013 -- NetSpend Holdings, Inc. (NASDAQ:NTSP) is a provider of general-purpose reloadable prepaid debit cards (GPR) cards, and related alternative financial services to underbanked consumers in the United States. NetSpend’s GPR cards are tied to the Federal Deposit Insurance Corporation (FDIC)-insured depository accounts and can be used to make purchase transactions at any merchant that participates in the MasterCard, Visa or PULSE networks and to withdraw funds at participating automated teller machines (ATMs).
Newman Ferrara LLP is investigating potential claims against the board of directors of Netspend Holdings, Inc. (“Netspend”) (NTSP) concerning the proposed acquisition of Netspend by Total System Services Inc. (“TSYS”) (TSS).
On February 19, 2013, Netspend announced that it had entered into an agreement and plan of merger to be acquired by TSYS in a cash deal valued at approximately $1.4 billion. Under the terms of the agreement, Netspend’s shareholders will only receive $16.00 in cash per share of Netspend stock owned.
Netspend’s Board of Directors has unanimously approved the proposed deal. Upon closing of the proposed deal, Netspend executive team will be retained by TSYS, including Netspend’s Chief Executive Officer, Daniel Henry, and President, Charles Harris.
Newman Ferrara LLP’s investigation concerns whether Netspend’s Board of Directors has breached its fiduciary duties to act in the best interests of Netspend’s shareholders and to take all necessary steps to ensure that Netspend’s shareholders receive the maximum value readily available for their shares of Netspend common stock.
Can NTSP Move Up Further? If Yes, How far It can Go? Find Out Here
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)