Harwood Feffer LLP Announces Investigation of Bankrate, Inc.
Jul 10, 2017
NEW YORK, July 10, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Bankrate, Inc. ("Bankrate" or the "Company") (NYSE: RATE) concerning the proposed acquisition of the Company by Red Ventures.
Under the terms of the offer, Red Ventures would acquire Bankrate in a transaction valued at approximately $1.4 billion. Pursuant to the deal, Bankrate stockholders will receive $14.00 per share. At least one Wall Street analyst has set a target price for Bankrate stock of $15.00 per share.
Our investigation concerns whether the Bankrate 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 Bankrate 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.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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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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