Rigrodsky & Long, P.A. Continues Investigation Of NetSpend Holdings, Inc. Buyout
06 Marzo 2013 - 10:22AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of NetSpend
Holdings, Inc. (NASDAQ GS: NTSP)?
- Did you purchase any of your shares
prior to February 19, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is continuing its
investigation of potential legal claims against the board of
directors of NetSpend Holdings, Inc. (“NetSpend” or the “Company”)
(NASDAQ GS: NTSP) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by Total System Services, Inc. (“TSS”) in
a transaction valued at approximately $1.4 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/netspend-holdings-inc-ntsp.
Under the terms of the proposal, public shareholders of NetSpend
will receive $16.00 per share in cash for each share of NetSpend
they own.
The investigation concerns whether NetSpend’s board of directors
failed to adequately shop the Company and obtain the best possible
value for NetSpend’s shareholders before entering into an agreement
with TSS.
If you own the common stock of NetSpend and purchased your
shares before February 19, 2013, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/netspend-holdings-inc-ntsp.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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