Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of Netspend Holdings, Inc. Shareholders
Kirby McInerney LLP is investigating potential claims against the Board of Directors of Netspend Holdings, Inc. (“Netspend” or the “Company”) (NASDAQ: NTSP) related to the proposed acquisition of the Company by Total System Services, Inc. (“TSYS”) (NYSE: TSS). Under the terms of the agreement, TSYS will acquire all of the outstanding common stock of Netspend for $16.00 per share in cash, for a total transaction value of approximately $1.4 billion.
The investigation concerns whether the Netspend Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $16.00 per share consideration adequately values Netspend common shares. The offer price represents an approximate 30% premium to the price of shares on February 18, 2013, the day before the deal was announced.
If you are a Netspend shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.
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