MicroFinancial Incorporated (NASDAQ:MFI) Investor Alert: Investigation of Takeover at $10.20

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

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San Diego, CA -- (SBWire) -- 01/07/2015 --An investigation on behalf of investors, who currently hold shares of MicroFinancial Incorporated (NASDAQ:MFI), was announced concerning whether the takeover of MicroFinancial Incorporated by MF Parent LP and MF Merger Sub Corp., each an affiliate of funds managed by affiliates of Fortress Investment Group LLC for $10.20 per share is unfair to NASDAQ:MFI stockholders.

Investors who purchased shares of MicroFinancial Incorporated (NASDAQ:MFI) and currently hold any of those NASDAQ:MFI 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 MicroFinancial Incorporated breached their fiduciary duties owed to NASDAQ:MFI investors in connection with the proposed acquisition.

On December 15, 2014, MicroFinancial Incorporated (NASDAQ:MFI) has entered into an agreement with MF Parent LP and MF Merger Sub Corp, each an affiliate of funds managed by affiliates of Fortress Investment Group LLC (NYSE:FIG), whereby MF Parent LP will acquire all of the outstanding shares of MicroFinancial Incorporated (NASDAQ:MFI) for $10.20 per share in cash pursuant to an Agreement and Plan of Merger dated December 13, 2014.

However, the investigation concerns whether the offer is unfair to NASDAQ:MFI stockholders. More specifically, the investigation concerns whether the MicroFinancial 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.

MicroFinancial Incorporated reported that its annual Total Revenue rose from $50.93 million in 2010 to $62.52 million in 2013 and that its respective Net Income increased from $5.30 million to $9.76 million. Shares of MicroFinancial Incorporated (NASDAQ:MFI) grew from $2.30 per share in May 2009 to as high as $9.62 per share in July 2012, respectively $9.00 per share in late 2013.

On January 5, 2015, NASDAQ:MFI shares closed at $10.22 per share.

Those who are current investors in MicroFinancial Incorporated (NASDAQ:MFI) 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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/571425