Protecting the Rights of Shareholders and Consumers
|
Spark Networks, Inc. Securities Litigation
Copyright ©2009 Levi & Korsinsky, LLP
legal | privacy | contact
For updates enter email address
Spark Networks, Inc. (AMEX: LOV) shareholder litigation in connection
with alleged unfair takeover offer
On March 2, 2010, Spark Networks, Inc. (“Spark Networks” or the
“Company”) announced that it received a proposal to sell the Company to
Great Hill Partners III, LP ("Great Hill Partners"). Under the terms of the
proposed transaction, Great Hill Partners would acquire all of the
outstanding shares of common stock of the Company for $3.10 per share
in cash. The proposed transaction appears unfair given that the
Company's shares traded at $3.16 as recently as December 28, 2009 and
at least one analyst has set a price target for Spark Networks stock at
$8.00 per share.