INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Monster Worldwide, Inc. And Encourages Shar...
August 12 2016 - 06:00AM
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 Monster Worldwide, Inc.
(NYSE: MWW) (“Monster Worldwide” or the “Company”) relating to
the proposed buyout of Monster Worldwide by Randstad Holding.
Under the terms of the agreement, Monster Worldwide shareholders
are anticipated to receive $3.40 in cash for each share of Monster
Worldwide common stock held. The transaction may undervalue the
Company and would result in no real gain or a loss for many Monster
Worldwide shareholders, especially given that the Company’s 52-week
high is $8.23.
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. For example, according to Yahoo! Finance, at least one
Wall Street analyst has issued a price target for Monster Worldwide
stock at $7.50 per share.
If you currently own common stock of Monster Worldwide 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/20160812005035/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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