November 15, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Blue Nile Inc (NASDAQ:NILE), was announced concerning whether the takeover of Blue Nile Inc. by an Investor Group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC for $40.75 per share is unfair to NASDAQ:NILE stockholders.

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

On November 07, 2016, Blue Nile (NASDAQ:NILE) announced that it has entered into an agreement to be acquired by an Investor Group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC. Under the terms of the agreement Blue Nile stockholders will receive $40.75 in cash per share.

However, the investigation concerns whether the offer is unfair to NASDAQ:NILE stockholders. More specifically, the investigation concerns whether the Blue Nile 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.

Blue Nile Inc reported that its Total Revenue rose from $473.52 million for the 53 weeks period that ended on January 4, 2015 to $480.06 million for the 52 week period that ended on January 3, 2016 and that its Net Income for the respective time periods increased from $9.73 million to $10.53 million.