Faruqi & Faruqi, LLP Announces the Investigation of United Online, Inc. (UNTD) Over the Proposed Sale of the Company to B. Riley Financial, 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 United Online, Inc. (“United Online” or the “Company”) (Nasdaq:UNTD) for potential breaches of fiduciary duties in connection with the sale of the Company to B. Riley Financial, Inc. for approximately $170 million.
The Company’s stockholders will only receive $11.00 in cash for each share of United Online common stock they own. However, this consideration is below at least one analyst’s price target of $19.50 per share and United Online’s 52-week high of $17.79 per share.
If you own common stock in Company 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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