NEW YORK, March 12, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of CommerceHub, Inc.
("CommerceHub" or the "Company") (NASDAQ: CHUBA, CHUBK) in
connection with the proposed acquisition of the Company by funds
affiliated with GTCR and Sycamore Partners (the "Affiliates").
Under the terms of the acquisition agreement, the Company's
shareholders will receive $22.75 in
cash for each CommerceHub share they own.
WeissLaw is investigating whether CommerceHub's Board acted to
maximize shareholder value prior to entering into the
agreement. Notably, the Company recently announced
positive financial results. On February 28, 2018, it reported revenue of
$36.7 million in the fourth quarter
of 2017, representing an increase 12% year-over-year when compared
to the $32.9 million reported in the
same period of the previous year.
Given these facts, WeissLaw is investigating whether
CommerceHub's Board acted in the best interests of CommerceHub's
public shareholders to maximize shareholder value prior to entering
into the agreement. If you own CommerceHub shares and would
like more information about your rights or our investigation, or if
you have information to share with us, please contact
Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/commercehub-inc/
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SOURCE WeissLaw LLP