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

San Diego, CA -- (SBWire) -- 06/06/2017 --The Acquisition of CardConnect Corp is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold NASDAQ:CCN shares, concerning whether the takeover of CardConnect Corp. by First Data Corporation for $15.00 per share is unfair.

Investors who purchased shares of CardConnect Corp (NASDAQ:CCN) and currently hold any of those NASDAQ:CCN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of CardConnect Corp breached their fiduciary duties owed to NASDAQ:CCN investors in connection with the proposed acquisition.

On May 29, 2017, First Data Corporation (NYSE: FDC) and CardConnect Corp. (NASDAQ: CCN) announced today that they have entered into a merger agreement for First Data to acquire all of the outstanding shares of common stock of CardConnect for $15.00 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ:CCN shares at $17.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:CCN stockholders. More specifically, the investigation concerns whether the CardConnect 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.

On June 5, 2017, CardConnect Corp (NASDAQ:CCN) shares closed at $15.20 per share.

Those who are current investors in CardConnect Corp 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