Bernstein Liebhard LLP Announces Investigation of Acquisition of Internet Brands, Inc. by Hellman & Friedman Capital Partners...
20 Settembre 2010 - 4:49PM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Internet Brands, Inc. (“Internet Brands” or the
“Company”) (Nasdaq: INET) breached its fiduciary duty to its
shareholders in agreeing to sell Internet Brands to an affiliate of
Hellman & Friedman Capital Partners VI, L.P.
Under the terms of the agreement, Internet Brands shareholders
will receive $13.35 in cash for each share they own, placing the
total value of the transaction at approximately $640 million. The
investigation is focused on the potential unfairness of the price
to Internet Brands shareholders and the process by which the
Internet Brands Board of Directors considered and approved the
transaction.
If you are interested in discussing your rights as an Internet
Brands shareholder and/or have information relating to the matter,
please contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last seven years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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