Faruqi & Faruqi, LLP Announces the Investigation of Jiayuan.com International Ltd. (DATE) Over the Proposed Sale of the Company to LoveWorld Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jiayuan.com International Ltd. (“Jiayuan.com” or the “Company”) (NasdaqGS:DATE) for potential breaches of fiduciary duties in connection with the sale of the Company to LoveWorld Inc. for approximately $231.42 million.
The Company’s stockholders will only receive $7.56 in cash per American depositary share (“ADS”) they own. However, at least one analyst has set a price target for Jiayuan.com at $8.00 per ADS.
If you own common stock in Jiayuan.com and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan 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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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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