Harwood Feffer LLP Announces Investigation of Digital River, Inc.
Oct 24, 2014
NEW YORK, Oct. 24, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Digital River, Inc. ("Digital River" or the "Company") (NASDAQ: DRIV) concerning the proposed acquisition of the Company by a group led by Siris Capital Group ("Siris").
Under the terms of the transaction, Siris and the members of the group would acquire Digital River in a transaction valued at approximately $840 million. Digital River shareholders are being offered $26 in cash per share.
Our investigation concerns whether the Digital River board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Digital River shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP