SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Rentrak Corp. And Encourages Investors T...
October 01 2015 - 5:24PM
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 Rentrak Corporation (NasdaqGS:
RENT) (“Rentrak” or the “Company”) relating to the proposed buyout
of the Company by comScore, Inc.
Under the terms of the transaction, Rentrak shareholders are
anticipated to receive 1.15 shares comScore for each share of
Rentrak they own. Based on comScore's closing price
on September 28, 2015, Rentrak shareholders would have
received compensation valued at approximately $49.62 per
share. According to Yahoo! Finance, at least one Wall Street
analyst has issued a price target for Rentrak stock at $100.00 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.
If you currently own common stock of Rentrak 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151001006926/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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