SAN DIEGO, April 26, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Mattersight Corporation (NASDAQ: MATR)
("Mattersight") breached their fiduciary duties in connection with
the proposed sale of the Company to NICE Ltd. ("NICE"). Mattersight
provides behavioral analytics services in the United States.
On April 26, 2018, Mattersight
announced that it had signed a definitive merger agreement with
NICE. Under the terms of the agreement, NICE will launch a tender
offer to purchase all outstanding shares of Mattersight's common
stock, pursuant to which holders of Mattersight's common stock will
receive $2.70 per common share in
cash.
The investigation concerns whether the Mattersight 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 Mattersight shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal represents adequate consideration,
especially given one Wall Street analyst has a $5.50 price target on the stock.
If you are a shareholder of Mattersight and believe
the proposed buyout price is too low or you're interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
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
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP