NEW YORK, Jan. 16, 2018 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the potential sale of Blackhawk
Network Holdings, Inc. (NASDAQ: HAWK) ("Blackhawk" or the
"Company") on behalf of its shareholders. Blackhawk announced
that it has entered into a definitive agreement to be acquired by
private equity firms Silver Lake
and P2 Capital Partners in a cash deal valued at approximately
$3.5 billion. The firms will
acquire Blackhawk for $45.25 in cash
per share.
Our investigation has determined that the offer price of only
$45.25 per share, unfairly
under-values the true going forward inherent value of Blackhawk and
that shareholders may not be receiving the maximum value for their
shares. Indeed, the stock reached a high of $46.70 per share this year, and analysts have a
target price of $51 per share.
The investigation further seeks to determine whether
Blackhawk's senior management is entering into this deal for their
own self-interests to the detriment of the Company's
shareholders. Indeed, P2P Partners beneficially owns
approximately 5.4% of the Company's stock.
If you are a shareholder of Blackhawk and would like additional
information as to how the proposed acquisition may affect your
rights as a shareholder, and how you may be eligible to obtain a
higher price for your shares at no cost, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and has
assisted in the recovery of billions of dollars for shareholders in
securities actions around the globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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