SAN DIEGO, March 5, 2020 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of The Meet Group, Inc. (NASDAQ: MEET)
("Meet Group" or the "Company") breached their fiduciary duties in
connection with the proposed sale of the Company to ProSiebenSat.1
and General Atlantic.
On March 5, 2020, Meet Group
announced that it had signed a definitive merger agreement with
ProSiebenSat.1 and General Atlantic. Under the terms of the deal,
Meet Group stockholders will receive $6.30 in cash.
The investigation concerns whether the Meet Group 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 Meet Group shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal represents adequate consideration,
especially given analysts' projections for future earnings growth,
and one Wall Street analyst has a $7.25 price target on the stock. The 52-week high
for Meet Group was $7.00.
If you are a shareholder of Meet Group and
believe the proposed buyout price is too low or you're interested
in learning more about the investigation, please contact lead
analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
Additionally, you can [Click here to join this
action]. There is no cost or obligation to
you.
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
https://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