ChyronHego Shareholder Alert -- Buyout Of ChyronHego Corporation - Leading National Securities Law Firm Seeks Higher Price For Shareholders And Encourages Shareholders To Contact Law Firm For More Information
NEW YORK, Nov. 17, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of ChyronHego Corporation (NASDAQ: CHYR) ("ChyronHego" or the "Company") on behalf of its shareholders. ChyronHego announced that it has entered into a definitive merger agreement with affiliates of Vector Capital ("Vector") under which an affiliate of Vector will acquire all of the outstanding shares of ChyronHego common stock for $2.82 per share in cash.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Senior Management and Board of Directors of ChyronHego for not acting in ChyronHego shareholders' best interests in connection with the sale process of ChyronHego, including whether the price of $2.82 per share is unfairly low. Indeed, analysts have estimated that the true going forward inherent value of the Company is worth at least $4 per share. In addition, the stock has recently traded higher than the offer price recently ($4.30). The investigation also seeks to determine whether there were any conflicts of interest on the part of the Company's senior management who may be acting in their own self-interests at the expense of the Company's shareholders. Indeed, the President and CEO along with other members of senior management of the Company are obtaining an equity interest in the acquiring entity rather than cash in the merger like other common public shareholders.
If you are a shareholder of ChyronHego and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 1-800-511-7037
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional investors in shareholder actions and, along with its affiliates, has recovered billions of dollars for shareholders in securities actions. Tripp Levy PLLC has become affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome
SOURCE Tripp Levy PLLC
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