YUME Buyout Alert - National Securities Law Firm Seeks Higher Price for YuMe Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
NEW YORK, Sept. 14, 2017 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of YuMe, Inc. (NYSE: YUME) ("YuMe" or the "Company") on behalf of its shareholders. YuMe announced that it has entered into a definitive agreement to be acquired by RhythmOne PLC in a cash and stock deal valued at approximately $185 million. RhythmOne plans to complete the acquisition of YuMe by paying approximately one-third of the offer price in cash and balance approximately two-thirds in stock of the Company. Accordingly, shareholders of YuMe will receive $1.70 (approximately £1.32) in cash and balance in 0.7325 Consolidated Shares of RhythmOne for each YuMe's share. Based on the transaction price, shareholders of YuMe will receive $5.25 for each YuMe's share held by them.
Our investigation has determined that the offer price of only $5.25 per share, unfairly under-values the true going forward inherent value of YuMe and that shareholders may not be receiving the maximum value for their shares. Indeed, the stock hit a high of $6.06 per share within the past year. Further, the Company has over $73 million of cash on its balance sheet. The investigation further seeks to determine whether YuMe senior management is entering into this deal for its own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of YuMe and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
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