TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

NetSpend Holdings Inc (NASDAQ:NTSP) Investor Files Lawsuit Against Acquisition By TSYS

  • If you purchased shares of NetSpend Holdings Inc (NASDAQ:NTSP) prior to Feb. 19, 2013, and currently hold any of those NASDAQ:NTSP shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
NetSpend Holdings Inc
Security
NASDAQ: NTSP

Case Name
NetSpend Holdings Deal Case 02/22/2013
Type of Lawsuit
Mergers and Acquisition
You must register or login to receive notifications.

Click here to subscribe to NetSpend Holdings Inc.
Summary

Feb. 25, 2013 (Shareholders Foundation) -- An investor in shares of NetSpend Holdings Inc (NASDAQ:NTSP) filed a lawsuit in effort to stop the proposed takeover of NetSpend Holdings by TSYS for $16.00 per NASDAQ:NTSP share.
The plaintiff claims that the defendants breached their fiduciary duties owed NASDAQ:NTSP stockholders by agreeing to sell the company too cheaply through an unfair process to TSYS.

On February 19, 2013, TSYS and NetSpend Holdings Inc announced that they have entered into an agreement pursuant to which TSYS will acquire NetSpend Holdings Inc in an all cash transaction valued at approximately $1.4 billion. Under terms of the agreement, NetSpend Holdings shareholders will receive $16.00 in cash for each share of NetSpend Holdings Inc (NASDAQ:NTSP) common stock.