NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Bankrate, Inc. (NYSE:RATE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Red Ventures Holdco, LP. Under the terms of the deal, Bankrate shareholders will receive $14.00 in cash for each share of Bankrate they own.
The investigation concerns whether the Bankrate Board of Directors breached their fiduciary duties to Bankrate stockholders by failing to adequately shop the Company before entering into this transaction and whether Red Ventures is underpaying for Bankrate shares, thus unlawfully harming Bankrate stockholders.
If you own common stock in Bankrate and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/RATE-Info-Request-Form-1653.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.