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 agreement to be acquired by EGI Acquisition, L.L.C. (“EGI Acquisition”). The proposed cash transaction is valued at approximately $126 million.
Under the terms of the definitive merger agreement entered into by the parties, through a cash tender offer EGI Acquisition will offer to acquire all of the shares of Rewards Network common stock not owned by EGI Acquisition for $13.75 per share in cash. EGI Acquisition currently owns approximately 14% of the outstanding shares of Rewards Network common stock. EGI Acquisition intends to commence the tender offer within seven business days. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Rewards Network’s board of directors.
If you are a shareholder 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.