San Diego, CA — (PRESS RELEASE JET) — 10/26/2017 — An investigation was announced for investors, who currently hold NASDAQ:NEWS shares over whether the takeover of NewStar Financial Inc by First Eagle Investment Management is unfair.
Investors in NewStar Financial Inc (NASDAQ:NEWS) should contact the Shareholders Foundation at [email protected] or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of NewStar Financial Inc breached their fiduciary duties owed to NASDAQ:NEWS investors in connection with the proposed acquisition.
On October 17, 2017, First Eagle Investment Management and NewStar Financial Inc (NASDAQ:NEWS) announced that they have entered into an agreement for First Eagle Investment Management to acquire NewStar Financial Inc (NASDAQ:NEWS ). NewStar Financial Inc (NASDAQ:NEWS) stockholders are expected to receive total consideration estimated at $12.32 to $12.44 per share.
However, the investigation concerns whether the offer is unfair to NASDAQ:NEWS stockholders. More specifically, the investigation concerns whether the NewStar Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Those who are current investors in NewStar Financial Inc (NASDAQ:NEWS) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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