Shareholders Foundation, Inc.

Fortegra Financial Corp (NYSE:FRF) Investor Alert: Investigation of Buyout by Tiptree Financial

An investigation on behalf of investors of Fortegra Financial Corp (NYSE:FRF) in connection with the proposed takeover was announced and NYSE:FRF stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/19/2014 -- An investigation on behalf of investors, who currently hold shares of Fortegra Financial Corp (NYSE:FRF), was announced concerning whether the takeover of Fortegra Financial Corp. by Tiptree Financial Inc is unfair to NYSE:FRF stockholders.

Investors who purchased shares of Fortegra Financial Corp (NYSE:FRF) and currently hold any of those NYSE:FRF 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 Fortegra Financial Corp breached their fiduciary duties owed to NYSE:FRF investors in connection with the proposed acquisition.

On August 12, 2014 Tiptree Financial Inc. (NASDAQ: TIPT) and Fortegra Financial Corp
(NYSE:FRF) announced the signing of a merger agreement pursuant to which Tiptree Financial Inc. will acquire Fortegra Financial Corp in an all cash transaction valued at approximately $218 million. In the transaction, shareholders of Fortegra Financial Corp
(NYSE:FRF) will receive $10.00 in cash for each share of NYSE:FRF common stock they own.

However, given that certain stockholders representing approximately 62% of the outstanding shares of Fortegra Financial Corp (NYSE:FRF) common stock have already executed a written consent adopting and approving the merger agreement and no additional stockholder approvals are necessary to adopt the merger agreement or consummate the transaction, the investigation concerns whether the offer is unfair to NYSE:FRF stockholders. More specifically, the investigation concerns whether the Fortegra Financial 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.

Fortegra Financial Corp reported that its annual Total Revenue rose from $247.19 million in 2011 to $347.87 million in 2013 and that its respective Net Income increased from $13.51 million to $22.71 million.

Shares of Fortegra Financial Corp (NYSE:FRF) grew from $4.94 per share in August 2011 to as high as $9.53 per share in February 2013.

On August 15, 2014, NYSE:FRF shares closed at $9.88 per share.

Those who are current investors in Fortegra Financial Corp (NYSE:FRF) 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