An investigation on behalf of investors, who currently hold shares of The Finish Line, Inc. (NASDAQ: FINL), was announced concerning whether the takeover of The Finish Line, Inc. by JD Sports Fashion Plc for $13.50 per share is unfair to The Finish Line, Inc. stockholders.

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

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, given that at least one analyst has set the high price target for NASDAQ:FINL shares at $17.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: FINL stockholders. More specifically, the investigation concerns whether the Finish Line 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.