Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Rewards Network Inc. - DINE
28 Octubre 2010 - 3:54PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Rewards Network Inc. (“Rewards” or the “Company”)
(NASDAQ: DINE) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
EGI Acquisition, L.L.C., an affiliate of Equity Group Investments,
L.L.C. The proposed transaction offers Rewards shareholders to only
receive $13.75 in cash for each Rewards’ share. The transaction
values the Company at approximately $126 million on a fully diluted
share basis.
Request more information now by clicking here:
www.faruqilaw.com/dine
Whether the Rewards’ Board of Directors breached their fiduciary
duties to Rewards’ stockholders by failing to conduct an adequate
and fair sales process to sell the Company prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Rewards’ shares and by how much this proposed
transaction undervalues the Company to the detriment of Rewards
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Rewards and wish to obtain additional
information, please visit us at www.faruqilaw.com/dine or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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