SAN DIEGO, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Stakeholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Rover Group, Inc. (NASDAQ: ROVR) breached their fiduciary duties in connection with the proposed sale of the Company to Blackstone.
On November 29, 2023, Rover announced that it had entered a deal with Blackstone. Under the terms of this agreement, stakeholders will receive $11.00 per share in an all-cash offer.
The investigation concerns whether the Rover Group board failed to satisfy its duties to the Company stakeholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Rover Group shares of common stock. Especially given analysts' projections for future earnings and revenue growth.
You can click or copy and paste the following link to join this investigation:
https://www.johnsonfistel.com/investigations/rover-group
If you are a stakeholder of Rover Group and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
Johnson Fistel, LLP is a stakeholder rights law firm representing individual and institutional investors in stakeholder derivative and securities class action lawsuits. For more information, visit their website http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
