Skip to content Skip to navigation

Tender Offer

CafePress Logo

CafePress, Inc.(NASDAQ: PRSS)has concluded a merger agreement under which it would become a subsidiary of Snapfish, LLC. But the complaint for this class action alleges that the terms of the merger agreement and tender offer are not in the interests of CafePress shareholders. Instead, it says, CafePress’s board of directors has been influenced by terms that will benefit only themselves. 

MGC Diagnostics Machine

On December 7, 2017, MGC Diagnostics Corporation filed a Solicitation/Recommendation Statement with the Securities and Exchange Commission (SEC) for a proposed transaction in which Altus Capital Partners, Inc. would execute a merger with MGC through a tender offer. But the complaint for this class action alleges that the Solicitation Statement omits material information required for shareholders to fully assess the transaction, in violation of Sections 14(d), 14(e) and 20(a) of the Securities Exchange Act of 1934.

MaxPoint Logo

MaxPoint, Inc. entered into a tender-offer-based merger agreement with Valassis Communications, Inc. and its affiliates on August 27, 2017. The complaint for this class action is concerned about the tightness of the agreement coupled with the omission of information in the company’s filings with the Securities and Exchange Commission (SEC), which it claims violate Sections 14(d), 14(e), and 20(a) of the Securities Exchange Act of 1934.

Symbols for Dollars, Yen, Euros, and Pounds

Planet Payment, Inc. provides international payment and transaction processing services, and in October 2017, Fintrax made a tender offer to acquire the company’s stock. The offer expires on December 18, but the complaint for this class action claims that the Solicitation/Registration Statement omits material information in violation of the Securities Exchange Act of 1934. First, the complaint alleges that the Solicitation Statement omits material information about the projections and analyses performed by the company’s financial advisors. Second, it alleges that the Solicitation Statement does not include enough information about the potential conflicts of interest of the company’s officers and directors.

Landauer Automatic Neutron Dosimetry Reader

Landauer, Inc. has signed an agreement for its merger with Fortive Corporation via a tender offer from Fortive of $67.25 cash per share. In connection with the proposed transaction, Landauer filed a Solicitation/Recommendation Statement with the Securities and Exchange Commission (SEC) that the complaint alleges violates Sections 14(e), 14(d), and 20(a) of the Securities Exchange Act of 1934 by omitting material information in two categories. First, according to the complaint, it omits information used by the company’s financial advisor, Lazard Freres & Co. LLC. Second, the complaint alleges that the Statement does not disclose conflicts of interest on the part of Lazard.