July 1, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Higher One Holdings, Inc (NYSE:ONE), was announced concerning whether the takeover of Higher One Holdings, Inc by affiliate of Blackboard for $5.15 per share is unfair to NYSE:ONE stockholders.

The investigation by a law firm concerns whether certain officers and directors of Higher One Holdings, Inc breached their fiduciary duties owed to NYSE:ONE investors in connection with the proposed acquisition.

Om June 30, 2016, Higher One Holdings, Inc (NYSE:ONE) announced it has entered into an agreement to sell the company to an affiliate of Blackboard for $5.15 in cash per share.

However, given that at least one analyst has set the high target price for NYSE:ONE shares at $5.50 per share, the investigation concerns whether the offer is unfair to NYSE:ONE stockholders. More specifically, the investigation concerns whether the Higher One Holdings 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 Higher One Holdings, Inc (NYSE:ONE) closed on July 1, 2016, at $5.11 per share.