Tripp Levy PLLC announces an investigation into the proposed acquisition of Rewards Network Inc. (NASDAQ: DINE). On June 8, 2010, Equity Group Investments, a private equity firm headed by Sam Zell, announced that it is proposing to acquire all of the outstanding shares of common stock of DINE that it does not currently own for $13.50 per share in cash. Equity Group currently owns approx. 26.4% of all outstanding shares of common stock of DINE.
The investigation concerns, among other things, whether the consideration to be paid to DINE shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of DINE. The investigation further concerns whether the directors of DINE may have breached their fiduciary duties by not acting in DINE shareholders' best interests in connection with the sale process of DINE.
If you own DINE common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
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Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.Attorney advertising. Prior results do not guarantee a similar outcome.