Ryan & Maniskas, LLP Announces Investigation of Rewards Network, Inc.
28 Octubre 2010 - 6:15PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/dine) is
investigating potential claims against the board of directors of
Rewards Network Inc. ("Rewards Networks" or the "Company") (NASDAQ:
DINE) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell Rewards
Networks to EGI Acquisition, L.L.C. (“EGI Acquisition”), an
affiliate of Equity Group Investments, L.L.C. (“EGI”) in a
transaction valued at approximately $126 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Rewards Network Inc. For more information regarding
our investigation, please contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/dine.
Under the proposed agreement, EGI Acquisition will offer to
acquire all shares of Rewards Network common stock not owned by EGI
Acquisition through a cash tender offer for $13.75 per share.
If you own shares of Rewards Network and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or
to sign up online, visit: www.rmclasslaw.com/cases/dine. You may
also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more
information about class action cases in general, please visit our
website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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