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If you purchased shares of Sizmek Inc (NASDAQ:SZMK) and currently hold any of those NASDAQ:SZMK 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
August 15, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Sizmek Inc (NASDAQ:SZMK), was announced concerning whether the takeover of Sizmek Inc by affiliates of private equity firm Vector Capital for $3.90 per share is unfair to NASDAQ:SZMK stockholders.
The investigation by a law firm concerns whether certain officers and directors of Sizmek Inc breached their fiduciary duties owed to NASDAQ:SZMK investors in connection with the proposed acquisition.
On August 03, 2016, Sizmek Inc (NASDAQ:SZMK) announced that it has entered into an agreement with affiliates of private equity firm Vector Capital under which an affiliate of Vector will acquire all of the outstanding shares of Sizmek Inc (NASDAQ:SZMK) common stock for $3.90 per share in an all-cash tender offer.
However, given that NASDAQW:SZMK shares traded in 2015 as high as $7.90 per share, the
investigation concerns whether the offer is unfair to NASDAQ:SZMK stockholders. More specifically, the investigation concerns whether the Sizmek 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.
