NEW YORK, May 28, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Lender Processing Services, Inc. ("LPS" or the "Company") (NYSE: LPS) (ISIN: US52602E1029) (CUSIP: 52602E102) concerning the proposed acquisition of LPS by Fidelity National Financial, Inc. in a transaction valued at approximately $2.9 billion in cash.
The investigation concerns whether the LPS directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, LPS shareholders will be entitled to receive $33.25 per share in cash for each share of LPS common stock. However, at least one analyst set a price target for LPS stock of at least $36.00 per share. In addition the price to EBITDA and Revenue multiples are below comparable transactions' averages.
LPS shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the following companies: Arbitron Inc., Net1 Ueps Technologies, Inc., Universal Technical Institute, Inc., Telanetix, Inc., Somerset Hills Bancorp, BioClinica Inc., Conceptus, Inc., and Gardner Denver, Inc.The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com. CONTACT: Robert Willoughby Pomerantz Grossman Hufford Dahlstrom & Gross LLP212-661-1100 ext. 237 firstname.lastname@example.org SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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