Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of ReachLocal Inc (NASDAQ: RLOC) acted responsibly on behalf of investors’ profitability in the planned $156 million sale to Gannett Co Inc (NYSE: GCI).
On June 27, 2016, ReachLocal Inc (NASDAQ: RLOC) and Gannett Co Inc (NYSE: GCI) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Gannett will offer ReachLocal shareholders $4.60 per share in cash for all outstanding shares.
Based in Woodland Hills, CA, and founded in 2003 ReachLocal Inc provides online marketing and reporting solutions to small and medium-sized businesses.
The investigation focuses on whether NASDAQ: RLOC investors received the highest price and whether the directors of ReachLocal Inc acted in the best interest of ReachLocal company and its shareholders.
If you purchased ReachLocal Inc (NASDAQ: RLOC) prior to June 27, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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