UNITED ONLINE BUYOUT ALERT - National Securities Law Firm Seeks Higher Price for United Online Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
NEW YORK, May 5, 2016 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of United Online, Inc. (NASDAQ: UNTD) ("United Online" or the "Company") on behalf of its shareholders. United Online announced that it has entered into a definitive agreement to be acquired by B. Riley Financial, Inc. for $11 per share.
Our investigation has determined that the offer price of only $11 per share, unfairly under-values the true going forward inherent value of United Online and that shareholders may not be receiving the maximum value for their shares. Indeed, among other things, the Company has over $104 million of cash on hand, or $7.06 cash per share, and no long term debt, the Company's book value per share is $9.27 per share, analysts have projected the stock is worth at least $19.50 per share, and the stock hit a high of $17.79 per share within the past year. The investigation further seeks to determine whether United Online senior management is entering into this deal for its own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of United Online and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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SOURCE Tripp Levy PLLC