Finkelstein Thompson LLP Announces Investigation of Internet Brands, Inc.
September 22 2010 - 3:51PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Internet Brands, Inc. (“Internet Brands”
or the “Company”) (NASDAQ:INET) concerning the proposed acquisition
of the Company by an affiliate of Hellman & Friedman Capital
Partners VI, L.P. Under the terms of the offer, Internet Brands
shareholders will receive $13.35 in cash for each outstanding share
of common stock they own in a transaction valued at approximately
$640 million.
The investigation is focused on the potential unfairness of the
consideration to Internet Brands shareholders, the process by which
the Board of Directors considered the transaction, and potential
conflicts of interests among Internet Brands’ Board members. In
particular, according to Yahoo! Finance, at least one analyst has
set a target price of $14.00 a share for Internet Brands stock.
Furthermore, the Company reported strong revenues for second
quarter of 2010, growing 21% year over year.
If you are interested in discussing your rights as an Internet
Brands shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson's Washington, DC
offices at (877) 337-1050 or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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