SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of RetailMeNot, Inc. – SALE
BALA CYNWYD, PA / ACCESSWIRE / April 28, 2017 / The law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of RetailMeNot, Inc. (“RetailMeNot” or “the Company”) (NASDAQ: SALE) for possible breaches of fiduciary duty and violations of law in connection with the sale of the Company to Harland Clarke Holdings Corp. (“Harland Clarke”).
Click here to learn more: http://www.brodskysmith.com/cases/retailmenot-inc-nasdaq-sale/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, RetailMeNot common shareholders will receive only $11.60 in cash for each share of RetailMeNot stock they own. The investigation concerns whether the Board of RetailMeNot breached their fiduciary duties to shareholders, violated applicable law and whether Harland Clarke is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many RetailMeNot shareholders. For example, the 52-week high for the stock is $12.93 and it was trading above the deal price as recently as September 2016.
If you own shares of RetailMeNot stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/retailmenot-inc-nasdaq-sale/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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