SAN DIEGO, March 6, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of CommerceHub, Inc. ("CommerceHub")
(NASDAQ: CHUBA) (NASDAQ: CHUBK) breached their fiduciary duties in
connection with the proposed sale of the Company to GTCR ("GTCR"),
and Sycamore Partners ("Sycamore"), two private equity firms.
On March 6, 2018, CommerceHub
announced that it had signed a definitive merger agreement with
GTCR and Sycamore. Under the terms of the agreement, GTCR and
Sycamore will acquire all of the outstanding shares of CommerceHub
for $22.75 in cash.
The investigation concerns whether the CommerceHub board failed
to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for CommerceHub shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal represents adequate consideration,
especially given that one Wall Street analyst has a $28.00 price target on the stock.
If you are a shareholder of CommerceHub and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please
contact lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP
