Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Rewards Network, Inc. (“Rewards Network” or the “Company”) (Nasdaq: DINE) relating to the proposed acquisition by Equity Group Investments, LLC.
Under the terms of the non-binding proposal, Rewards Network shareholders would receive cash of $13.50 for each share of Rewards Network stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. Equity Group Investments already beneficially owns approximately 26.4% of the Company’s outstanding shares. The transaction appears to be unfair, in part, given that Rewards Network stock was trading at $15.09 a share as recently as March 5, 2010 and was trading at $15.01 a share on September 16, 2009.
If you own shares of Rewards Network 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
email@example.com, or by calling toll free 877-LEGAL-90.