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If you purchased shares of NewStar Financial Inc (NASDAQ:NEWS) and currently hold any of those NASDAQ:NEWS 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
An investigation on behalf of investors, who currently hold shares of NewStar Financial Inc (NASDAQ:NEWS), was announced concerning whether the takeover of NewStar Financial Inc by First Eagle Investment Management is unfair to NASDAQ:NEWS stockholders.
The investigation by a law firm concerns whether certain officers and directors of NewStar Financial Inc breached their fiduciary duties owed to NASDAQ:NEWS investors in connection with the proposed acquisition.
On October 17, 2017, First Eagle Investment Management and NewStar Financial Inc (NASDAQ:NEWS) announced that they have entered into an agreement for First Eagle Investment Management to acquire NewStar Financial Inc (NASDAQ:NEWS ). NewStar Financial Inc (NASDAQ:NEWS) stockholders are expected to receive total consideration estimated at $12.32 to $12.44 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:NEWS stockholders. More specifically, the investigation concerns whether the NewStar Financial 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.
