NEW YORK, Dec. 2, 2016 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of BLUE NILE, INC. ("Blue Nile" or the "Company")(NASDQ: NILE) regarding its sale to BC CYAN PARENT INC. created by a group of investors, including BAIN CAPITAL PRIVATE EQYIT and BOW STREET LLC. Under the terms of the transaction, Blue Nile shareholders will receive $40.75 in cash for each share of Blue Nile stock they own.
The investigation focuses on whether Blue Nile's Board of Directors breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair sales process 2) whether and by how much this proposed transaction undervalues the Company and 3) failing to disclose all material information regarding the sale of the Company.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Attorney Advertising. (C) 2016 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.