An investigation on behalf of investors of Neustar Inc (NYSE:NSR) in connection with the proposed takeover was announced and NYSE:NSR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/20/2016 -- An investigation on behalf of investors, who currently hold shares of Neustar Inc, was announced concerning whether the takeover of Neustar Inc. by a private investment group led by Golden Gate Capital for $33.50 per share is unfair.
Investors who purchased shares of Neustar Inc (NYSE:NSR) and currently hold any of those NYSE:NSR 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 Neustar directors breached their fiduciary duties owed to NYSE:NSR investors in connection with the proposed acquisition.
On December 14, 2016, Neustar Inc (NYSE:NSR) announced that it has entered into an agreement to be acquired by a private investment group led by Golden Gate Capital in a transaction valued at approximately $2.9 billion, including debt to be refinanced. Under the terms of the agreement, Neustar's shareholders will receive $33.50 per share in cash.
However, the investigation concerns whether the offer is unfair to NYSE:NSR stockholders. More specifically, the investigation concerns whether the Neustar 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 December 19, 2016, NYSE:NSR shares closed at $33.15 per share.
Those who are current investors in Neustar Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego