The Ademi Firm continues to investigate CoreCard (NYSE:CCRD) for possible breaches of fiduciary duty and other violations of law in its transaction with Euronet.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of CoreCard will receive between 0.2783 and 0.3142 Euronet shares, with the exact ratio calculated as $30 divided by Euronet's volume weighted average share price over a 15-trading day period prior to closing. The exchange is subject to a floor of $95.48 per Euronet share and a ceiling of $107.80 per share.
CoreCard insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for CoreCard by imposing a significant penalty if CoreCard accepts a competing bid. We are investigating the conduct of the CoreCard board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
