DALLAS, July 22, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by a former federal judge and U.S. Attorney, announces that the firm is investigating shareholder claims into the proposed acquisition of Bankrate, Inc. (Nasdaq:RATE) by Apax Partners.
According to the agreement, Bankrate shareholders will receive $28.50 for each share of common stock they own. However, because Bankrate stock was trading at over $31.00 a share as recently as June 2009, and over $39.00 a share in January 2009, the price appears to be unfair.
Kendall Law Group has extensive experience representing investors who seek higher prices for their shares or more information disclosed to the market in transactions like this one. If you currently own shares of Bankrate and wish to discuss the legal ramifications of the proposed acquisition by Apax, please contact attorney Hamilton Lindley at hlindley@kendalllawgroup.com or toll free at 877-744-3728.
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