Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rewards Network Inc. (“Rewards” or the “Company”) (NASDAQ: DINE) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to EGI Acquisition, L.L.C., an affiliate of Equity Group Investments, L.L.C. The proposed transaction offers Rewards shareholders to only receive $13.75 in cash for each Rewards’ share. The transaction values the Company at approximately $126 million on a fully diluted share basis.
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Whether the Rewards’ Board of Directors breached their fiduciary duties to Rewards’ stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Rewards’ shares and by how much this proposed transaction undervalues the Company to the detriment of Rewards shareholders are the key focus of this investigation.
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If you own common stock in Rewards and wish to obtain additional information, please visit us at
or contact Juan E. Monteverde, Esq. either via e-mail at
or by telephone at (877) 247-4292 or (212) 983-9330.
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