An investigation on behalf of investors of CommerceHub Inc (NASDAQ:CHUBA, NASDAQ:CHUBK) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 03/14/2018 -- An investigation on behalf of investors, who currently hold shares of CommerceHub Inc (NASDAQ:CHUBA, NASDAQ:CHUBK), was announced concerning whether the takeover of CommerceHub Inc. is unfair to NASDAQ:CHUBA and NASDAQ:CHUBK stockholders.
Investors who purchased shares of CommerceHub Inc (NASDAQ:CHUBA, NASDAQ:CHUBK) and currently hold any of those NASDAQ:CHUBA, NASDAQ:CHUBK shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of CommerceHub Inc breached their fiduciary duties owed to NASDAQ:CHUBA, NASDAQ:CHUBK investors in connection with the proposed acquisition.
Albany, NY based CommerceHub, Inc. is a provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for retailers and consumer brands, manufacturers and distributors. On March 06, 2018 CommerceHub, Inc. (NASDAQ:CHUBA) (NASDAQ:CHUBK), GTCR ("GTCR"), and Sycamore Partners announced an agreement whereby affiliates of GTCR and Sycamore will acquire all outstanding shares of CommerceHub. Holders of CommerceHub's Series A, B and C common stock will receive $22.75 in cash per share,
However, given that at least one analyst has set the high price target for NASDAQ:CHUBA at $28.00 per share, the investigation concerns whether the offer is unfair to CommerceHub Inc (NASDAQ:CHUBA, NASDAQ:CHUBK stockholders. More specifically, the investigation concerns whether the CommerceHub Inc Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On March 12, 2018, NASDAQ:CHUBA shares closed at $22.48 per share, respectively NASDAQ:CHUBK shares at $22.48 per share.
Those who are current investors in CommerceHub Inc (NASDAQ:CHUBA, NASDAQ:CHUBK) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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