SHAREHOLDER ALERT: Investors in Harris Interactive, Inc. Are Encouraged To Contact Wolf Haldenstein
December 17 2013 - 11:17AM
Business Wire
The law firm of Wolf Haldenstein Adler Freeman & Herz LLP
announces that it is investigating the actions of the Board of
Directors and senior management of Harris Interactive, Inc.
(“Harris Interactive” or the “Company”) (NASDAQ: HPOL) for
potential breaches of fiduciary duties in connection with the sale
of the Company to Nielson Holdings N.V. Under the terms of the
merger agreement, Nielsen will commence a tender offer to acquire
all of the outstanding shares of Harris Interactive’s common stock.
Holders of outstanding shares of Harris Interactive’s common stock
will receive $2.00 per share in cash, subject to adjustment as
provided in the merger agreement. The $2.00 per share cash purchase
price (which excludes any adjustment which may be required under
the merger agreement) represents a 2.0% premium to the volume
weighted average closing price of Harris Interactive’s common stock
in the 60 consecutive trading days prior to announcement of the
transaction, but it is 8.7% below the 52-week high stock closing
price of $2.19 on August 22, 2013.
The investigation concerns whether the Harris Interactive Board
of Directors breached their fiduciary duties to stockholders by
failing to consider all available strategic alternatives. Indeed,
certain of the directors of Harris Interactive have entered into
tender and support agreements, representing approximately 12% of
the outstanding shares of Harris Interactive’s common stock,
pursuant to which they have agreed to tender all of their shares
pursuant to the tender offer.
Wolf Haldenstein has represented individual and institutional
investors for many years, serving as lead counsel in numerous cases
in United States federal and state courts. Please visit the Wolf
Haldenstein website (http://www.whafh.com) for more information
about the firm. For further information on this matter please click
here.
Please contact us if you are a stockholder of Harris Interactive
securities who purchased shares before November 25, 2013, and wish
to discuss this matter with us. There is no cost to
stockholders.
Gregory M. Nespole, Esq. Wolf Haldenstein Adler Freeman & Herz
LLP 270 Madison Avenue New York, New York 10016 Phone
Numbers: (800) 575-0735 (212) 545-4657
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Wolf Haldenstein Adler Freeman & Herz LLPGregory M. Nespole,
Esq.800-575-0735212-545-4657
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