Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of Rewards Network Inc.
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Rewards Network Inc. (“Rewards Network” or the “Company”) (NASDAQ:DINE) related to the Company’s receipt of a non-binding proposal from Equity Group Investments, L.L.C. (“EGI”) to take the Company private. The proposed transaction is valued at approximately $119 million.
Under the terms of the proposed transaction, EGI would acquire all of the outstanding shares of the Company’s common stock that EGI does not already own for $13.50 per share in cash. EGI beneficially owns approximately 26.4% of Rewards Network’s outstanding common stock. The investigation concerns possible breaches of fiduciary duty and other violations of law by Rewards Network’s board of directors in connection with the proposed transaction.
If you own shares of Rewards Network, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com .
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