Interclick, Inc. Merger Litigation (Nasdaq: ICLK)
Law Office of Brodsky & Smith, LLC Announces Investigation of Interclick, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Interclick, Inc. (“ICLK” or the “Company”) (Nasdaq - ICLK- News) relating to the proposed acquisition by Yahoo!, Inc. (“Yahoo!”).
Under the terms of the transaction Interclick shareholders would receive $9.00 in cash for each share of Interclick stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Interclick for not acting in the Interclick shareholders' best interests in connection with the sale process to Yahoo!. The transaction may undervalue Interclick as a result of failing to adequately shop the Company. The transaction is below an analyst price target of $10.00 per share and represents only a slight premium over the $8.90 that Inerclick stock traded at on July 5, 2011.
If you own shares of Interclick stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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