Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Rewards Network Inc. (Nasdaq:
) (referred to as "Rewards Network" or the “Company”) by EGI Acquisition, L.L.C. (“EGI Acquisition”), an affiliate of Equity Group Investments, L.L.C. (“EGI”), in a cash transaction valued at approximately $126 million.
Pursuant to the definitive merger agreement, EGI Acquisition will acquire all shares of Rewards Network not owned by EGI Acquisition through a cash tender offer for $13.75 per common share. EGI Acquisition currently owns approximately 14.2% of the outstanding common shares of Rewards Network. Certain other affiliates of EGI collectively own approximately 12.1% of the outstanding shares of Rewards Network and have agreed to tender such shares in the offer. Each outstanding share of Rewards Network common stock not tendered and purchased in the tender offer will be converted into the right to receive the same consideration provided in the tender offer.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.
If you are a holder of Rewards Network stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Rewards Network and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to:
. All e-mail correspondence should make reference to Rewards Network.
Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at
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Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter