SAN DIEGO, Jan. 16, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Blackhawk Network Holdings, Inc.
(NASDAQ: HAWK) ("Blackhawk")
breached their fiduciary duties in connection with the proposed
sale of the Company to Silver Lake
and P2 Capital Partners. Blackhawk provides a range of prepaid
gift, telecom, and debit cards in physical and electronic forms;
and related prepaid products and payment services in the United States and internationally.
On January 16, 2018, Blackhawk announced that it had signed a
definitive merger agreement with Silver
Lake and P2 Capital Partners. Under the terms of the
agreement, Blackhawk shareholders
would receive $45.25 in cash for each
share of Blackhawk common
stock.
The investigation concerns whether the Blackhawk board failed to satisfy its duties
to the Company shareholders, including whether the board adequately
pursued alternatives to the acquisition and whether the board
obtained the best price possible for Blackhawk shares of common stock.
Nationally recognized Johnson
Fistel is investigating whether the proposed deal price
represents adequate consideration, especially given that the price
target for one Wall Street analyst is $51.00 per share.
If you are a shareholder of Blackhawk 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
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, 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.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP