NEW YORK, May 26, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Geeknet, Inc. ("Geeknet" or the "Company") (NASDAQ: GKNT) concerning the proposed acquisition of the Company by Hot Topic, Inc. ("Hot Topic").
Under the terms of the transaction, Hot Topic would acquire Geeknet for approximately $122 million. Geeknet shareholders would receive $17.50 per share in cash. In the last two years, Geeknet has closed as high as $19.84 per share
Our investigation concerns whether the Geeknet board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Geeknet shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP