NEW YORK, April 2, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating the acquisition of DFC Global Corp. (NASDAQ: DLLR) ("DFC") on behalf of its shareholders. The Lone Star Funds ("Lone Star") and DFC announced that they have entered into an agreement providing for the acquisition of DFC by Lone Star. Under the terms of the agreement, DFC shareholders will receive $9.50 in cash per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of DFC for not acting in DFC shareholders' best interests in connection with the sale process of DFC. The investigation seeks to determine if there was an adequate auction process and if Lone Star is underpaying for DFC shares. Indeed, the book value alone of DFC is worth approx. $12 per share, and analyst have projected that the true going forward inherent value of the company is worth at least $15 per share. Further, DFC stock traded as high as $16.43 per share just a few months ago.
If you are a shareholder of DFC and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC is a leading national securities and shareholder rights law firm and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
SOURCE Tripp Levy PLLC