Care.com Inc. (CRCM)

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Care.com Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 23, 2019
Tags: United States Care.com IAC Corporate Affairs Mergers & Acquisitions

A group of Care.com, Inc. shareholders are attempting to block the $500 million purchase of the company by IAC.. Under terms of the definitive merger agreement, IAC will acquire the outstanding shares for $15 per share.

The shareholders allege that the purchase price of $15 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of Care.com obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
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Care.com investor relations did not immediately respond to requests for a comment.

To contact the law firm on behalf of shareholders of Care.com for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at [e-mail]

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