SAN DIEGO, April 28, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Cash America International, Inc. (NYSE: CSH) breached their fiduciary duties in connection with the proposed sale of the Company to First Cash Financial Services Inc. (NASDAQ: FCFS).
On April 28, 2016, Cash America announced it had signed a definitive merger agreement with First Cash. Under the terms of the agreement Cash America shareholders will receive a fixed exchange ratio of 0.84 First Cash shares for each Cash America share they own. Cash America shareholders will be subject to the future volatility and price fluctuation of the common stock of First Cash.
The investigation concerns whether the Cash America board failed to satisfy their 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 Cash America shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration.
If you are a shareholder of Cash America 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 ([email protected]) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, 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.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
SOURCE Johnson & Weaver, LLP