INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Higher One Holdings, Inc. And Encourages Shareholders To Contact The Firm For Additional Information
OneSmart International Education Group Limited ADS (ONE)
Company Research
Source: Business Wire
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Higher One Holdings, Inc. (NYSE: ONE) (“Higher One” or the “Company”) relating to the proposed buyout of Higher One by an affiliate of Blackboard Inc. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. Under the terms of the agreement, Higher One shareholders are anticipated to receive $5.15 in cash for each share of Higher One common stock held. The transaction may undervalue the Company an
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