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If you purchased shares of EDGAR Online, Inc. (NASDAQ:EDGR) prior to May 22, 2012 and currently hold any of those NASDAQ:EDGR 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 22, 2012 (Shareholders Foundation) -- An investigation for investors in NASDAQ:EDGR shares concerning whether the offer by R. R. Donnelley & Sons Company to acquire EDGAR Online, Inc. at $1.092 per share and the buyout process are unfair to investors in NASDAQ:EDGR was announced.
The investigations by law firms concern whether certain officers and directors of EDGAR Online, Inc. breached their fiduciary duties owed to NASDAQ:EDGR investors in connection with the proposed acquisition.
On Tuesday, May 22, 2012, R. R. Donnelley & Sons Company and EDGAR Online jointly announced that they have signed an agreement pursuant to which RR Donnelley will acquire EDGAR Online. Under the terms of the proposed transaction, EDGAR Online shareholders will receive $1.092 for each share of EDGAR Online common stock held.
However, NASDAQ:EDGR shares traded in 2011 as high as$1.12 in July, as high as $1.39 in April, and as high as $1.52 in February.
Therefore the investigation for NASDAQ:EDGR investors concerns whether the proposed transaction is unfair to EDGAR Online, Inc. (NASDAQ:EDGR) stockholders.
Specifically, the investigation focuses on whether the EDGAR Online 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.
