SHAREHOLDER ALERT: Brower Piven Announces Investigation Of Conversant, Inc. In Connection With The Proposed Sale Of The Company To Alliance Data Systems Corporation
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Conversant, Inc. (“Conversant” or the “Company”) (NASDAQ: CNVR) relating to the proposed buyout of the Company by Alliance Data Systems Corporation (“ADS”).
On September 11, 2014, ADS and Conversant announced the execution of a definitive agreement pursuant to which ADS will acquire Conversant in a transaction valued at approximately $2.3 billion. The transaction is expected to close by year end though Conversant shareholders will most likely be asked to vote on the transaction well before that time.
Under the terms of the transaction, Conversant shareholders may elect to receive cash, stock, or a combination of cash and stock for each share of Conversant common stock they own, the total value of which is $35 per share. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether ADS is underpaying for Conversant shares.
If you currently own common stock of Conversant and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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