A lawsuit was filed for investors in shares of The Finish Line, Inc. (NASDAQ: FINL) in connection with the proposed takeover and NASDAQ: FINL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/10/2018 -- The Shareholders Foundation announces that an investor in holds shares of The Finish Line, Inc. (NASDAQ: FINL), filed a lawsuit against the takeover of The Finish Line, Inc. by JD Sports Fashion Plc for $13.50 per share.
Investors who purchased shares of The Finish Line, Inc. (NASDAQ: FINL) and currently hold any of those NASDAQ: FINL 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 directors of The Finish Line, Inc. breached their fiduciary duties owed to NASDAQ: FINL investors in connection with the proposed acquisition.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: FINL stockholders by agreeing to sell The Finish Line, Inc. cheaply via an unfair process.
On Mar. 26, 2018, The Finish Line, Inc. (NASDAQ:FINL) announced that it has entered into a merger agreement providing for JD Sports Fashion Plc (LSE: JD) to acquire 100% of the issued and outstanding Finish Line shares at a price of $13.50 per share in cash representing an aggregate deal value of approximately $558 million.
However, plaintiff claims that the proposed consideration NASDAQ:FINL shareholders will receive is grossly inadequate and undervalues The Finish Line, Inc. Indeed, at least one analyst has set the high price target for NASDAQ:FINL shares at $17.00 per share. . In addition, the plaintiff alleges that the process is also unfair NASDAQ:FINL stockholders. Indeed
Those who are current investors in The Finish Line, Inc. (NASDAQ: FINL) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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