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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Mattersight Corp. (delisted) | NASDAQ:MATR | 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% | 2.675 | 2.65 | 3.45 | 0 | 01:00:00 |
From Apr 2020 to Apr 2025
SAN DIEGO, April 26, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Mattersight Corporation (NASDAQ: MATR) ("Mattersight") breached their fiduciary duties in connection with the proposed sale of the Company to NICE Ltd. ("NICE"). Mattersight provides behavioral analytics services in the United States.
On April 26, 2018, Mattersight announced that it had signed a definitive merger agreement with NICE. Under the terms of the agreement, NICE will launch a tender offer to purchase all outstanding shares of Mattersight's common stock, pursuant to which holders of Mattersight's common stock will receive $2.70 per common share in cash.
The investigation concerns whether the Mattersight 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 Mattersight shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $5.50 price target on the stock.
If you are a shareholder of Mattersight 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/mattersight-matr-alert-johnson-fistel-investigates-proposed-sale-of-mattersight-corporation-are-shareholders-getting-a-fair-deal-300637205.html
SOURCE Johnson Fistel, LLP
Copyright 2018 PR Newswire
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