SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Cash America International, Inc. & Encou...
05 Mayo 2016 - 10:43AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Cash America International, Inc.
(“Cash America” or the “Company”) (NYSE: CSH) relating to the
proposed buyout of the Company by First Cash Financial Services,
Inc. (“First Cash”).
Under the terms of the agreement, shareholders of Cash America
will receive 0.84 shares of First Cash for each share of Cash
America they own. Based on First Cash’s closing stock price on
April 27, 2016, Cash America shareholders would have received
compensation valued at approximately $40.90 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock, especially given that according to Yahoo! Finance, at
least one Wall Street analyst has issued a price target for Cash
America stock at $43.00 per share.
If you currently own common stock of Cash America and believe
that the proposed buyout price is too low, or you would like to
learn more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160505006170/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
Listed Funds Tru (NYSE:CSH)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Listed Funds Tru (NYSE:CSH)
Gráfica de Acción Histórica
De May 2023 a May 2024
Real-Time news about Listed Funds Trust Morgan Creek - Exos Active SPAC Arbitrage (New York Stock Exchange): 0 recent articles
Más de Cash America International, Inc. Artículos de Noticias