Levetown & Jenkins, LLP Announces An Investigation Of The Acquisition Of Rewards Network Inc. By EGI Acquisition, L.L.C., An Affiliate Of Equity Group Investments, L.L.C.
Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties and violations of state law by Rewards Network Inc. (“Rewards Network”) (NASDAQ: DINE) and its Board of Directors in conjunction with the proposed buyout and acquisition of Rewards Network by EGI Acquisition, L.L.C., an affiliate of Equity Group Investments, L.L.C. Under the terms of a definitive merger agreement announced on October 28, 2010, Rewards Network shareholders will receive $13.75 in cash for each share of Rewards Network common stock they hold. The transaction is valued at approximately $126 million.
The firm’s investigation concerns whether the proposed acquisition properly values Rewards Network. Specifically, the investigation seeks to determine whether the Rewards Network Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.
Levetown & Jenkins, LLP is a national law firm comprised of former federal and state prosecutors with extensive experience in the investigation and prosecution of shareholder fraud. The firm specializes in the representation of investors in shareholder and securities fraud class actions. If you currently own shares of Rewards Network and wish to obtain additional information about your rights as a shareholder, please contact Michael T. Harrison, Esq. at (713) 392-7465 or firstname.lastname@example.org. For more information about the firm, please visit www.levjen.com.
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