Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of SHFL entertainment, Inc. Over the Proposed Sale of the Company to Bally Technologies, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Shuffle entertainment, Inc. (“Shuffle” or the “Company”) (NasdaqGS: SHFL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Bally Technologies, Inc. (NYSE: BYI) in a deal valued at approximately $1.3 billion, including the assumption of debt. Under the terms of the proposed transaction, Shuffle’s stockholders will receive $23.25 for each share of Shuffle common stock they own.
The investigation focuses on whether Shuffle’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Shuffle’s shareholders.
If you own common stock in Shuffle and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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