Most Popular White Papers
Holzer Holzer & Fistel, LLC Announces Its Investigation of Shareholder Class Action Lawsuit Filed Regarding Vertrue Inc.'s (VTRU) Proposed Merger With One Equity Partners, Oak Investment Partners and Rho Ventures V
Market Wire, June, 2007
The law firm of Holzer Holzer & Fistel, LLC today announced that it is investigating claims asserted in a shareholder class action filed on May 9, 2007 in Delaware Chancery Court, CA No. 2949, concerning Vertrue Inc.'s ("Vertrue") (NASDAQ: VTRU) proposed merger with One Equity Partners, Oak Investment Partners and Rho Ventures V. Under the merger agreement, Vertrue's shareholders are to receive $48.50 per share of Vertrue stock owned. The proposed merger is subject to shareholder approval.
Less than two weeks ago, in a 13D filing with the Securities and Exchange Commission, Brencourt Advisors, LLC ("Brencourt") disclosed that it is one of Vertrue's largest shareholders with a 9.5 percent stake in the company, and is dissatisfied with the current $48.50 offer price. In a letter attached to its 13D filing, Brencourt states that the $48.50 offer does not adequately compensate it for its Vertrue shares, and urges Vertrue's Board of Director's to re-consider their endorsement of the current $48.50 offer.
Holzer & Fistel, LLC is an Atlanta, Georgia law firm that represents shareholders and investors in a variety of matters nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website at www.holzerlaw.com .
Vertrue shareholders with questions concerning their legal rights with respect to the proposed merger are welcome to contact the firm's managing partner, Corey D. Holzer, Esq., via email to cholzer@holzerlaw.com or telephone (888) 508-6832 (toll-free).
Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
CONTACT: Corey D. Holzer, Esq. Holzer Holzer & Fistel, LLC 1117 Perimeter Center West, Suite E-107 Atlanta, GA 30338 Email Contact (888) 508-6832 (toll-free)