SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of DFC Global Corp. (NASDAQ: DLLR) breached their fiduciary duties in connection with the planned sale of the company to Lone Star Funds. DFC Global provides retail financial services to unbanked and under-banked consumers, and small businesses.
On April 2, 2014, DFC Global entered into a merger agreement with Lone Star. Under the terms of the agreement, DFC Global stockholders will receive $9.50 in cash for each share of DFC Global’s common stock they own. In August of 2013 DFC Global stock traded as high as $16.43 and one analyst has issued a price target for DFC Global stock at $15.00 per share.
The investigation concerns whether the DFC Global board members 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 are a DFC Global shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.