HARRIS SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Harris Interactive Inc. (HPOL) over the Propose...
November 25 2013 - 7:30PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Harris Interactive Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Harris Interactive Inc.
(“Harris” or the “Company”) (NasdaqGS:HPOL) for potential breaches
of fiduciary duties in connection with their conduct related to the
sale of the Company to Nielsen Holdings N.V. (NYSE:NLSN) in a cash
deal valued at approximately $100 million. Under the terms of the
proposed transaction, Harris’ stockholders will receive $2.00 for
each share of Harris common stock they own. The consideration
represents a paltry 2.0% premium to the volume weighted average
closing price of Harris Interactive's common stock in the 60
consecutive trading days prior to announcement of the
transaction.
Request more information now by clicking here:
www.faruqilaw.com/HPOL. There is no cost or
obligation to you.
The investigation focuses on whether Harris’ Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Harris’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Harris and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/HPOL or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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