San Diego, CA -- (SBWIRE) -- 11/03/2015 -- A shareholder in NASDAQ:RENT shares filed a lawsuit in effort to halt the proposed takeover of Rentrak Corporation by comScore, Inc for a value of approximately $49.62 per share.

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

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:RENT stockholders by agreeing to sell Rentrak Corporation. too cheaply via an unfair process to comScore, Inc.

On September 29, 2015, comScore, Inc. and Rentrak Corporation (NASDAQ: RENT) announced that the companies have entered into a merger agreement under which the companies will combine in a stock-for-stock merger. Pursuant to the terms of the merger, Rentrak will merge into a wholly-owned subsidiary of comScore, and each share of Rentrak will be converted into the right to receive 1.15 shares of comScore. Based on a closing price of $43.15 per share of NASDAQ:SCOR shares on September 28, 2015 shareholders of Rentrak Corporation (NASDAQ:RENT) will receive approximately $49.62 per share.

However, the plaintiff claims that the proposed consideration NASDAQ:RENT shareholders will receive is grossly inadequate and undervalues Rentrak Corporation. Indeed, at least one analyst has set the high target price for NASDAQ:RENT shares at $100.00 per share and NASDAQ:RENT shares traded in the open market as recently as as high as $71.95 per share. Furthermore, Rentrak Corporation reported that its Total Revenue rose from $75.60 million for the 12 months period that ended on March 31, 2014 to $102.92 million for the 12 months period that ended on March 31, 2015 and that its Net Loss for those respective time periods declined from $4.25 million to $1.99 million. Shares of Rentrak Corporation (NASDAQ:RENT) reached as high as $84.10 per share in November 2014. In addition, the plaintiff claims that the process is also unfair to NASDAQ:RENT stockholders.

Those who are current investors in Rentrak Corporation 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