HARRIS INTERACTIVE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Harris Interactive Inc. Over the Proposed Sale of the Company to Nielsen Holdings N.V,
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 Harris Interactive Inc. (“Harris” or the “Company”) (NasdaqGS: HPOL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Nielsen Holdings N.V. (NYSE: NLSN) in a cash deal valued at approximately $100 million. Under the terms of the proposed transaction, Harris’ stockholders will receive $2.00 for each share of Harris common stock they own. The consideration represents a paltry 2.0% premium to the volume weighted average closing price of Harris Interactive's common stock in the 60 consecutive trading days prior to announcement of the transaction.
The investigation focuses on whether Harris’ 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 Harris’ shareholders.
If you own common stock in Harris and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HPOL or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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