NEW YORK, July 17, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the board of directors of Benefytt
Technologies, Inc. ("BFYT" or the "Company") (NASDAQ: BFYT) in
connection with the proposed acquisition of the Company by funds
affiliated with Madison Dearborn Partners, LLC (the "MDP Funds").
Under the terms of the agreement, which is structured as a
tender offer scheduled to commence within the next few days, BFYT
shareholders will receive $31.00 in
cash for each share of BFYT that they own.
If you own BFYT shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/benefytt-techologies-inc/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether BFYT's board was truly
independent and fully informed as to the valuation of the proposed
acquisition of the Company, whether the board acted to maximize
shareholder value prior to entering into the acquisition agreement,
and whether all information regarding the valuation of the deal
will be fully and fairly disclosed to BFYT shareholders.
Notably, at least one analyst set a target price of $75.00 per BFYT share, or $44.00 above the per-share offer.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP