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If you purchased shares of Borderfree Inc (NASDAQ:BRDR) and currently hold any of those NASDAQ:BRDR shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
May 12, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Borderfree Inc (NASDAQ:BRDR), was announced concerning whether the takeover of Borderfree Inc by Pitney Bowes Inc for $14.00 per share is unfair to NASDAQ:BRDR stockholders.
The investigation by a law firm concerns whether certain officers and directors of Borderfree Inc breached their fiduciary duties owed to NASDAQ:BRDR investors in connection with the proposed acquisition.
On May 5, 2015 Borderfree Inc (NASDAQ:BRDR) announced that it signed an agreement to be acquired by Pitney Bowes Inc. (NYSE:PBI) for $14.00 per share in cash.
However, given that NASDAQ:BRDR shares traded in March 2014 as high as $20 per share, the investigation concerns whether the offer is unfair to NASDAQ:BRDR stockholders. More specifically, the investigation concerns whether the Borderfree 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.
Borderfree Inc reported that its annual Total Revenue rose from $36.79 million in 2011 to $125.49 million in 2014.
