SHAREHOLDER ALERT: WeissLaw LLP Investigates Telaria, Inc.

NEW YORK, Feb. 7, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Telaria, Inc. ("TLRA" or the "Company") (NYSE: TLRA) in connection with the proposed acquisition of the Company by the Rubicon Project, Inc. ("RUBI") (NYSE: RUBI).  Under the terms of the acquisition agreement, shareholders will receive 1.082 shares of RUBI for each TLRA they own.  This represents a per-share consideration of $8.35 based on RUBI closing price on the day of the acquisition announcement.

If you own TLRA shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/telaria-inc/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
[phone]
[phone]
[e-mail]

WeissLaw is investigating whether TLRA's Board acted to maximize shareholder value prior to entering into the acquisition agreement.  Notably, at least one analyst set a target price of $14.00 per TLRA share, or approximately $6.00 above the per-share consideration.

Additionally, prior to the acquisition announcement, TLRA announced positive financial results.  It reported revenue of $16.6 million and gross profits of $13.1 million in the third quarter of 2019, representing annual growth of 23.3% and 13% respectively. 

Finally, the acquisition is a strategic transaction from which RUBI anticipates leveraging TLRA's leadership in CTV technologies and premium partnerships to expand its geographic footprint and create the world's largest independent sell-side advertising platform.  

Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [e-mail]

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-telaria-inc-301001143.html

SOURCE WeissLaw LLP

Copyright 2020 PR Newswire