Key Developments: Market Leader Inc (LEDR.O)
10.52USD
22 May 2013
$-0.22 (-2.05%)
$10.74
$10.70
$10.82
$10.44
190,490
299,746
$11.12
$4.00
Latest Key Developments (Source: Significant Developments)
Rigrodsky & Long, P.A. Announces Investigation Of Market Leader Inc Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Market Leader Inc regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by Trulia, Inc. (Trulia) in a transaction valued at approximately $355 million. The investigation concerns whether Market Leader`s board of directors failed to adequately shop the Company and obtain the best possible value for Market Leader`s shareholders before entering into an agreement with Trulia. According to Yahoo! Finance, at least one analyst set a target price for Market Leader stock at $11.00. Full Article
Faruqi & Faruqi, LLP Announces Investigation of Board of Directors of Market Leader Inc
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Market Leader Inc for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Trulia, Inc. in a deal valued at approximately $355 million. Under the terms of the proposed transaction, Market Leader`s stockholders will receive 0.1553 shares of Trulia common stock and $6.00 for each share of Market Leader common stock they own, a total implied price of approximately $11.33 per share. The investigation focuses on whether Market Leader`s Board of Directors breached their fiduciary duties to the Company`s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Market Leader`s shareholders. Full Article
Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of Market Leader Inc. Shareholders
Kirby McInerney LLP announced that it is investigating potential claims against the Board of Directors of Market Leader, Inc. (the Company) related to the proposed acquisition of the Company by Trulia, Inc. (Trulia). Under the terms of the proposal, Trulia will purchase all of the outstanding common stock of Market Leader for $11.33 per share in cash, for a total transaction value of approximately $355 million. The investigation concerns whether the Market Leader Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $11.33 per share consideration adequately values Market Leader common shares. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Market Leader Inc
Law Office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Market Leader, Inc. (Market Leader or the Company) relating to the proposed acquisition by Trulia, Inc. (Trulia). Under the terms of the transaction, Market Leader shareholders will receive only $6.00 in cash and 0.1553 shares of Trulia common stock for each share of Market Leader they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Market Leader for not acting in the Company`s shareholders' best interests in connection with the sale process. The offer may undervalue the Company as Market Leader has seen substantial growth and an analyst set a price target at $11.00 per share for Market Leader stock. Full Article
Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Market Leader Inc In Connection With Sale Of Company to Trulia, Inc
Levi & Korsinsky, LLP announced that it is investigating the Board of Directors of Market Leader, Inc. (Market Leader or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Trulia, Inc. (Trulia). Under the terms of the transaction, Market Leader shareholders will receive $6.00 in cash and 0.1553 shares of Trulia common stock for each share of Market Leader stock they own, representing an approximate value of $11.33 per share. The investigation concerns whether the Market Leader Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Trulia is underpaying for Market Leader stock, thus unlawfully harming Market Leader shareholders. Full Article
Law Firm Brower Piven Announces Investigation Of Market Leader Inc Proposed Buyout
The securities litigation firm of Brower Piven, A Professional Corporation, announced that it has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Market Leader Inc and other violations of state law by the board of directors of Market Leader relating to the proposed acquisition of the Company by Trulia, Inc. (Trulia). The firm`s investigation seeks to determine, among other things whether the board of directors of Market Leader breached their fiduciary duties by failing to maximize shareholder value. Full Article
Law Offices of Howard G. Smith Announces Investigation of Market Leader Inc
Law Offices of Howard G. Smith announced that it is investigating potential claims against the Board of Directors of Market Leader Inc related to the proposed acquisition of the Company by Trulia, Inc. Under the terms of the acquisition, shareholders will receive $6 in cash plus 0.1553 shares of Trulia for each share of Market Leader owned. The transaction is valued at approximately $355 million. Full Article
Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Market Leader Inc
Levi & Korsinsky, LLP announced that it is investigating the Board of Directors of Market Leader, Inc. (Market Leader or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Trulia, Inc. (Trulia). Under the terms of the transaction, Market Leader shareholders will receive $6.00 in cash and 0.1553 shares of Trulia common stock for each share of Market Leader stock they own, representing an approximate value of $11.33 per share. The investigation concerns whether the Market Leader Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Trulia is underpaying for Market Leader stock, thus unlawfully harming Market Leader shareholders. Full Article
Harwood Feffer LLP Announces Investigation Of Market Leader Inc
Harwood Feffer LLP is investigating potential claims against the Board of Directors of Market Leader Inc. concerning the proposed acquisition of the Company by Trulia Inc. (Trulia) in a transaction valued at approximately $355 million. On May 8, 2013, Market Leader announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Trulia. Under the terms of the agreement, Market Leader stockholders will receive $6 in cash and 0.155 shares of Trulia stock, or about $11.33, for each share of Market Leader owned. The investigation concerns whether the Market Leader Board of Directors is fulfilling fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. Full Article
Market Leader Inc Board of Directors Under Investigation By Glancy Binkow & Goldberg LLP For Potential Breaches Of Fiduciary Duty
Glancy Binkow & Goldberg LLP announced that it is investigating potential claims against the Board of Directors of Market Leader Inc. (Market Leader or the Company) related to the proposed acquisition of the Company by Trulia, Inc. Under the terms of the deal, shareholders will receive $6 in cash plus 0.1553 shares of Trulia for each share of Market Leader owned. The transaction is valued at approximately $355 million. Full Article
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