NEW YORK, Nov. 18, 2014 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in ChyronHego Corporation (NASDAQ: CHYR), concerning the proposed acquisition of ChyronHego by private equity firm Vector Capital. ChyronHego shareholders seeking more information about this acquisition are advised to contact Carl Stine at (212) 759-4600 or [email protected].
The investigation concerns whether the ChyronHego directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the merger agreement, ChyronHego shareholders will receive $2.82 in cash for each share of ChyronHego they own. The proposed transaction has an equity value of $113.5 million. However, the offer price is below ChyronHego's 52-week high of $3.70 per share and below equity analyst target of $4.00 per share.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP