STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Everyday Health, Inc. (NYSE: EVDY) (“Everyday Health” or
the “Company”) relating to the proposed buyout of Everyday Health by
Ziff Davis.
Under the terms of the agreement, Everyday Health shareholders are
anticipated to receive $10.50 in cash for each share of Everyday Health
common stock held. The firm’s investigation seeks to determine, among
other things, whether the Company’s Board of Directors failed to satisfy
their duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board obtained
the best price possible for the Company’s shares of common stock. For
example, according to Yahoo! Finance, at least one Wall Street
analyst has issued a price target for Everyday Health stock at $17.00
per share.
If you currently own common stock of Everyday Health and believe that
the proposed buyout price is too low, and you would like to learn more
about the investigation being conducted by Brower Piven, please visit
our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161027006907/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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