SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of The Active Network, Inc.
10 Ottobre 2013 - 3:35AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
The Active Network, Inc. (“Active Network” or the “Company”) (NYSE:
ACTV) relating to the proposed acquisition by Vista Equity
Partners.
Click here to learn more about the investigation
http://brodsky-smith.com/654-actv-the-active-network-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Active Network shareholders
will receive only $14.50 in cash for each share of Active Network
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Active Network for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue the Company and will result in a
loss for many long term Active Network shareholders. Active Network
stock traded at $17.74 per share on March 13, 2012 and traded at
$16.24 on June 20, 2012.
If you own shares of Active Network common stock and wish to
discuss the legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/654-actv-the-active-network-inc.html, 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 case 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 successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/654-actv-the-active-network-inc.html
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