Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Rewards Network Inc.
November 06 2010 - 9:01AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Rewards Network Inc. (Nasdaq: DINE) (referred to as
"Rewards Network" or the “Company”) by EGI Acquisition, L.L.C.
(“EGI Acquisition”), an affiliate of Equity Group Investments,
L.L.C. (“EGI”), in a cash transaction valued at approximately $126
million.
Pursuant to the definitive merger agreement, EGI Acquisition
will acquire all shares of Rewards Network not owned by EGI
Acquisition through a cash tender offer for $13.75 per common
share. EGI Acquisition currently owns approximately 14.2% of the
outstanding common shares of Rewards Network. Certain other
affiliates of EGI collectively own approximately 12.1% of the
outstanding shares of Rewards Network and have agreed to tender
such shares in the offer. Each outstanding share of Rewards Network
common stock not tendered and purchased in the tender offer will be
converted into the right to receive the same consideration provided
in the tender offer.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Rewards Network stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Rewards Network and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Rewards Network.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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