Energy News / Shareholders Foundation, Inc.

NASDAQ:FNGN Shareholder Alert: Investigation of Takeover of Financial Engines, Inc

Via: ReleaseWire

Updated 12:15 PM CDT, Mon, May 07,2018

An investigation on behalf of investors of Financial Engines, Inc. (NASDAQ: FNGN) in connection with the proposed takeover was announced and NASDAQ: FNGN stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/07/2018 -- An investigation was announced for investors in shares of Financial Engines, Inc. (NASDAQ: FNGN), concerning whether the takeover of Financial Engines, Inc. by Hellman & Friedman is unfair.

Investors who purchased shares of Financial Engines, Inc. (NASDAQ: FNGN) and currently hold any of those NASDAQ: FNGN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Financial Engines, Inc. breached their fiduciary duties owed to NASDAQ: FNGN investors in connection with the proposed acquisition.

On April 30, 2018, Financial Engines (NASDAQ:FNGN) announced that it has signed a definitive agreement to be acquired by funds affiliated with Hellman & Friedman in an all-cash transaction that values Financial Engines at an aggregate value of approximately $3.02 billion. Under the terms of the agreement, Financial Engines shareholders will receive $45.00 per share in cash upon the closing of the transaction.

However, the investigation concerns whether the offer is unfair to NASDAQ: FNGN stockholders. More specifically, the investigation concerns whether the Financial Engines 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.

Shares of Financial Engines, Inc. (NASDAQ: FNGN) closed on May 4, 2018, at $44.45 per share.

Those who are current investors in Financial Engines, Inc. (NASDAQ: FNGN) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqfngn-shareholder-alert-investigation-of-takeover-of-financial-engines-inc-973226.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com