SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Digital River, Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Digital River, Inc. (“Digital River” or the “Company”) (Nasdaq: DRIV) relating to the proposed buyout of the Company by Siris Capital Group, LLC (“Siris”).

On October 23, 2014, Digital River announced the signing of a definitive agreement pursuant to which Siris will acquire Digital River in a transaction valued at approximately $840 million.

Under the terms of the transaction, Digital River shareholders are anticipated to receive $26.00 in cash for each share of Digital River common stock they own. The transaction is expected to close in the first quarter of 2015, though Digital River shareholders will most likely be asked to vote on the transaction well before that time.

The firm’s investigation seeks to determine, among other things, whether Digital River’s Board of Directors failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Digital River and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

Recent Stories

RSS feed for Brower Piven, A Professional Corporation

Brower Piven, A Professional Corporation