June 23, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Rightside Group Ltd (NASDAQ:NAME), was announced concerning whether the takeover of Rightside Group Ltd. by Donuts Inc for $10.60 per share is unfair to NASDAQ:NAME stockholders.

The investigation by a law firm concerns whether certain officers and directors of Rightside Group Ltd breached their fiduciary duties owed to NASDAQ:NAME investors in connection with the proposed acquisition.

On June 14, 2017, Rightside Group Ltd (NASDAQ:NAME) and Donuts Inc., a leading domain name registry for new domain extensions, announced that the two companies have entered into an Agreement and Plan of Merger (the 'Merger Agreement'), pursuant to which Donuts will acquire Rightside Group Ltd (NASDAQ:NAME) for $10.60 per share in an all-cash tender offer, for an aggregate purchase price of approximately $213MM.
However, the investigation concerns whether the offer is unfair to NASDAQ:NAME stockholders. More specifically, the investigation concerns whether the Rightside Group 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 Rightside Group Ltd (NASDAQ:NAME) reaches in August 2014 as high as $15.85 per share.