Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Internet Brands, Inc. in Connection with ...
September 21 2010 - 10:00PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Internet Brands, Inc. (“Internet Brands” or the “Company”)
(NASDAQ:INET) related to the Company’s agreement to be acquired by
an affiliate of Hellman & Friedman Capital Partners VI, L.P.
(“Hellman & Friedman”). The proposed all-cash transaction is
valued at approximately $640 million.
Under the terms of the definitive merger agreement entered into
by the parties, Internet Brands stockholders will receive $13.35 in
cash for each outstanding share of the Company’s common stock they
own. The transaction is expected to be completed in the fourth
quarter of 2010. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the proposed transaction by Internet Brands’ board of
directors.
If you are a shareholder of Internet Brands, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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