BALA CYNWYD, Pa., May 5, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of United Online, Inc. ("United Online" or "the Company") (Nasdaq- UNTD-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to B. Riley Financial, Inc ("B. Riley").
Click here to learn more about the investigation http://brodsky-smith.com/1070-untd-united-online-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, United Online shareholders will receive only $11.00 in cash for each share of United Online stock they own. The investigation concerns whether the Board of United Online breached their fiduciary duties to shareholders and whether B. Riley is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many United Online shareholders. For example, United Online stock traded at $17.79 per share on April 22, 2015 and an analyst has set a price set a price target on United Online stock at $19.50 per share.
If you own shares of United Online stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1070-untd-united-online-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Brodsky & Smith, LLC