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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Commercehub - Series A (delisted) | NASDAQ:CHUBA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.73 | 22.73 | 29.12 | 0 | 01:00:00 |
From Jun 2019 to Jun 2024
SAN DIEGO, March 6, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of CommerceHub, Inc. ("CommerceHub") (NASDAQ: CHUBA) (NASDAQ: CHUBK) breached their fiduciary duties in connection with the proposed sale of the Company to GTCR ("GTCR"), and Sycamore Partners ("Sycamore"), two private equity firms.
On March 6, 2018, CommerceHub announced that it had signed a definitive merger agreement with GTCR and Sycamore. Under the terms of the agreement, GTCR and Sycamore will acquire all of the outstanding shares of CommerceHub for $22.75 in cash.
The investigation concerns whether the CommerceHub board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for CommerceHub shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given that one Wall Street analyst has a $28.00 price target on the stock.
If you are a shareholder of CommerceHub and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original content:http://www.prnewswire.com/news-releases/commercehub-alert-johnson-fistel-investigates-proposed-sale-of-commercehub-inc-are-shareholders-getting-a-fair-price-300608974.html
SOURCE Johnson Fistel, LLP
Copyright 2018 PR Newswire
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