BALA CYNWYD, Pa., Sept. 12, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Conversant, Inc. ("Conversant" or the "Company") (Nasdaq –CNVR-News) relating to the proposed acquisition by Alliance Data Systems Corporation ("Alliance").
Click here to learn more about the investigation http://brodsky-smith.com/818-cnvr-conversant-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Conversant shareholders will receive only $35.00 in a combination of cash and stock for each share of Conversant common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Conversant for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as Alliance, which operates both conventional and online marketing, appears to have made the move to acquire Conversant as a way to bulk up its digital advertising capabilities. Digital advertising spending expected to total $51.8 billion in the U.S. by the end of 2014 with an expected 11% growth through 2015.
If you own shares of Conversant common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/818-cnvr-conversant-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
