An investigation on behalf of investors of Conversant Inc (NASDAQ:CNVR) in connection with the proposed takeover was announced and NASDAQ:CNVR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/15/2014 -- An investigation on behalf of investors, who currently hold shares of Conversant Inc (NASDAQ:CNVR), was announced concerning whether the takeover of Conversant Inc. by Alliance Data Systems Corporation for $35 per share is unfair to NASDAQ:CNVR stockholders.
Investors who purchased shares of Conversant Inc (NASDAQ:CNVR) and currently hold any of those NASDAQ:CNVR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Conversant Inc breached their fiduciary duties owed to NASDAQ:CNVR investors in connection with the proposed acquisition.
On September 11, 2014, Alliance Data Systems Corporation(NYSE: ADS) and Conversant, Inc.(NASDAQ: CNVR) announced the execution of an agreement whereby Alliance Data will purchase Conversant. Under the terms of the agreement, Alliance Datawill acquire all outstanding shares of Conversant for a combination of cash and stock valued at approximately$2.3 billion, or $35 per Conversant share.
However, the investigation concerns whether the offer is unfair to NASDAQ:CNVR stockholders. More specifically, the investigation concerns whether the Conversant 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.
Conversant Inc reported that its annual Total Revenue rose from $400.33 million in 2011 to $573.12 million in 2013 and that its respective Net Income increased from $101.13 million to $101.88 million. Shares of Conversant Inc (NASDAQ:CNVR) grew from $5.84 per share in March 2009 to as hih as $31.87 per share in May 2013.
On September 11, 2014, NASDAQ:CNVR shares closed at $26.71 per share.
Those who are current investors in Conversant Inc (NASDAQ:CNVR) 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