Energy News / Shareholders Foundation, Inc.

The Finish Line, Inc. (NASDAQ:FINL) Investor Notice: Lawsuit Filed Against Acquisition by JD Sports Fashion Plc

Via: ReleaseWire

Updated 10:53 AM CDT, Thu, May 10,2018

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 mail@shareholdersfoundation.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.

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/the-finish-line-inc-nasdaqfinl-investor-notice-lawsuit-filed-against-acquisition-by-jd-sports-fashion-plc-975791.htm

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