Faruqi & Faruqi, LLP Announces the Investigation of Heartland Payment Systems, Inc. (HPY) Over the Proposed Sale of the Company
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Heartland Payment Systems, Inc. (“Heartland” or the “Company”) (NYSE:HPY) for potential breaches of fiduciary duties in connection with the sale of the Company to Global Payments Inc. for approximately $4.3 billion.
The Company’s stockholders will only receive $53.28 in cash and 0.6687 shares of Global Payments or approximately $94.83 for each share of Heartland common stock they own.
The investigation focuses on whether Heartland’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Heartland’s shareholders.
If you own common stock in Heartland 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
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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