SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Fortegra Financial Corp. In Connection With The Proposed Sale ...
August 18 2014 - 12:43PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Fortegra Financial Corporation
(NYSE:FRF) (“Fortegra” or the “Company”) relating to the proposed
buyout of the Company by Tiptree Financial Inc. (“Tiptree”).
On August 12, 2014, Tiptree and Fortegra jointly announced the
signing of a merger agreement pursuant to which Tiptree will
acquire Fortegra in an all cash transaction valued at approximately
$218 million. Under the terms of the transaction, Fortegra
shareholders are anticipated to receive $10.00 in cash for each
share of Fortegra common stock they own.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into the transaction, and whether Tiptree is underpaying for
Fortegra shares.
If you currently own common stock of Fortegra and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven1925 Old
Valley RoadStevenson, Maryland 21153Telephone:
410-415-6616hoffman@browerpiven.com
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