STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Move, Inc. (“Move” or the “Company”) (Nasdaq: MOVE) relating to the proposed buyout of the Company by News Corp. (“News Corp.”).
Under the terms of the transaction, Move shareholders are anticipated to receive $21.00 in cash for each share of Move common stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether News Corp. is underpaying for Move shares. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Move stock at $23.00 per share.
If you currently own common stock of Move and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.