BANKRATE (RATE) ALERT: J&W Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Bankrate, Inc.; Are Shareholders Getting a Fair Price?

BANKRATE (RATE) ALERT: J&W Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Bankrate, Inc.; Are Shareholders Getting a Fair Price?

PR Newswire

SAN DIEGO, July 3, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Bankrate, Inc. (NYSE: RATE) breached their fiduciary duties in connection with the proposed sale of the Company to Red Ventures. Bankrate operates as a publisher, aggregator, and distributor of personal finance content on the Internet.

On July 3, 2017, Bankrate announced it had signed a definitive merger agreement with Red Ventures. Under the terms of the agreement, Bankrate stockholders will receive $14.00 per share in cash.

The investigation concerns whether the Bankrate board failed to satisfy its duties to the Company shareholders, including whether the board had adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Bankrate shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. The deal may undervalue the Company resulting in a loss for many long term shareholders.

If you are a shareholder of Bankrate and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
[email protected]

 

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SOURCE Johnson & Weaver, LLP

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