October 21, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Everyday Health Inc (NYSE:EVDY), was announced concerning whether the takeover of Everyday Health Inc. by f Davis, LLC, which comprises the Digital Media Division of j2 Global, Inc. for $10.50 per share is unfair to NYSE:EVDY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Everyday Health Inc breached their fiduciary duties owed to NYSE:EVDY investors in connection with the proposed acquisition.

On October 21, 2016, Everyday Health Inc (NYSE:EVDY) announced that it has entered into a merger agreement with Ziff Davis, LLC, which comprises the Digital Media Division of j2 Global, Inc. (NASDAQGS: JCOM). Under the terms of the agreement, Ziff Davis will acquire Everyday Health Inc (NYSE:EVDY) for $10.50 per share in cash, representing an approximate enterprise value of $465 million.

However, given that at least one analyst has set the high target price for NYSE:EVDY shares at $17.00 per share, the investigation concerns whether the offer is unfair to NYSE:EVDY stockholders. More specifically, the investigation concerns whether the Everyday Health 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.

Shares of Everyday Health Inc (NYSE:EVDY) reached as high as $18.94 per share in July 2014.

On October 21, 2016, NYSE:EVDY shares closed at $10.45 per share.