NEW YORK, Aug. 3, 2016 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Sizmek Inc. (NASDAQ: SZMK) ("Sizmek" or the "Company") on behalf of its shareholders. Sizmek announced that it has entered into a merger agreement with the private equity firm Vector Capital for $3.90 per share.
Our investigation has determined that the offer price of only $3.90 per share, unfairly under-values the true going forward inherent value of Sizmek and that shareholders may not be receiving the maximum value for their shares. Indeed, the book value per share of the Company is worth $4.05, the Company has no long term debt, and the stock traded as high as $7.74 per share within the past year. The investigation further seeks to determine whether the Sizmek senior management is entering into this deal for its' own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of Sizmek and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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SOURCE Tripp Levy PLLC