SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Rentrak Corp. (RENT) Over the Proposed Sale of the Co...
02 October 2015 - 2:14AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Rentrak Corporation (“Rentrak” or the “Company”)
(NasdaqGS:RENT) for potential breaches of fiduciary duties in
connection with the sale of the Company to comScore, Inc. for
approximately $800 million.
The Company’s stockholders will only receive 1.15 shares of
comScore, approximately $53.15 according to comScore’s closing
share price on September 30, for each share of Rentrak they own.
However, at least one analyst has set a target price of $100.00 per
share and Company shares have traded at $71.89 as recently as
August 4, 2015.
Click here for more information:
www.faruqilaw.com/RENT. There is no cost or
obligation to you.
The investigation focuses on whether Rentrak’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Rentrak’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Rentrak and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/RENT or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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