NEW YORK, June 23, 2017 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims
against the board of directors of CardConnect Corp. ("CardConnect"
or the "Company") (NASDAQ: CCN) concerning the proposed acquisition
of the Company by First Data Corporation ("First
Data").
Under the terms of the offer, First Data would
acquire CardConnect in a transaction valuing the
Company at approximately $460
million. Pursuant to the terms of the transaction,
common shareholders of CardConnect will receive $15.00 per share owned. At least one
Wall Street analyst has set a target price for CardConnect of
$17.00 per share.
Our investigation concerns whether the CardConnect
board of directors is fulfilling its fiduciary duties, maximizing
the value of the Company, disclosing all material benefits and
costs, and obtaining full and fair consideration for Company
stockholders.
If you own CardConnect shares
and wish to discuss this matter with us, or have any
questions concerning your rights and interests with regard to this
matter, please contact:
Robert I. Harwood,
Esq.
Benjamin I.
Sachs-Michaels, Esq.
Harwood Feffer
LLP
488 Madison Avenue
New York, New York 10022
Phone
Numbers: (877) 935-7400
(212)
935-7400
Email:
bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many
years, serving as lead counsel in numerous cases in
federal and state courts. Please visit the Harwood Feffer LLP
website (http://www.hfesq.com) for
more information about the firm.
Attorney Advertising. The law firm responsible for
this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to
any future matter.
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SOURCE Harwood Feffer LLP