EDGAR Online Investor Alert: The Briscoe Law Firm And Powers Taylor, LLP Investigate The Sale Of EDGAR Online To R.R. Donnelley & Sons Company
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of EDGAR Online, Inc. (“EDGAR” or “EDGR”) (NASDAQ: EDGR) to R.R. Donnelley & Sons Company for shareholders. Under the proposed transaction, EDGAR shareholders will only receive $1.092 in cash for each share of EDGAR/EDGR stock owned, which is well below the 52 week high of $1.30 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive merger agreement is valued at approximately $70.5 million and is expected to close during the third quarter of 2012.
According to shareholder rights attorney Willie Briscoe, “The investigation relates to the fairness of the proposed transaction to EDGAR’S shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. Notably, EDGAR shares were trading at $1.30 per share last year. Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue EDGAR stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV