Meet Group Inc (MEET)

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(MEET) Alert: Johnson Fistel Investigates Proposed Sale of The Meet Group, Inc.; Is $6.30 a Fair Price?

Source: PR Newswire (US)

SAN DIEGO, March 5, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of The Meet Group, Inc. (NASDAQ: MEET) ("Meet Group" or the "Company") breached their fiduciary duties in connection with the proposed sale of the Company to ProSiebenSat.1 and General Atlantic.
On March 5, 2020, Meet Group announced that it had signed a definitive merger agreement with ProSiebenSat.1 and General Atlantic. Under the terms of the deal, Meet Group stockholders will receive $6.30 in cash.
The investigation concerns whether the Meet Group board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Meet Group shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts' projections for future earnings growth, and one Wall Street analyst has a $7.25 price target on the stock. The 52-week high for Meet Group was $7.00. 
If you are a shareholder of Meet Group and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ([e-mail]) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[e-mail]
[Click here to join this action]
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SOURCE Johnson Fistel, LLP

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