An investigation on behalf of investors of Mattersight Corporation (NASDAQ: MATR) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 05/04/2018 -- An investigation was announced concerning whether the takeover of Mattersight Corporation by an affiliate of NICE Ltd is unfair to NASDAQ: MATR stockholders.
Investors who purchased shares of Mattersight Corporation (NASDAQ: MATR) and currently hold any of those NASDAQ: MATR shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of Mattersight Corporation breached their fiduciary duties owed to NASDAQ: MATR investors in connection with the proposed acquisition.
On April 26, 2018, Mattersight Corporation (NASDAQ: MATR) announced that it has entered into an agreement to be acquired by an affiliate of NICE Ltd., the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data. Under the terms of the agreement, NICE will launch a tender offer to purchase all outstanding shares of Mattersight's common and preferred stock, pursuant to which holders of Mattersight's common stock will receive $2.70 per common share in cash and holders of Mattersight's outstanding preferred stock will receive $7.80 per share in cash, plus accrued and unpaid dividends as of immediately prior to the closing.
However, given that at least one analyst has set the high target price for NASDAQ:MATR shares at $5.50 per share, the investigation concerns whether the offer is unfair to NASDAQ: MATR stockholders. More specifically, the investigation concerns whether the Mattersight 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 May 3, 2018, NASDAQ: MATR shares closed at $2.60 per share.
Those who are current investors in Mattersight Corporation (NASDAQ: MATR) 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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