NEW YORK, Feb. 7, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Telaria, Inc.
("TLRA" or the "Company") (NYSE: TLRA) in connection with the
proposed acquisition of the Company by the Rubicon Project, Inc.
("RUBI") (NYSE: RUBI). Under the terms of the acquisition
agreement, shareholders will receive 1.082 shares of RUBI for each
TLRA they own. This represents a per-share consideration of
$8.35 based on RUBI closing price on
the day of the acquisition announcement.
If you own TLRA shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/telaria-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether TLRA's Board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, at least one analyst set a target price
of $14.00 per TLRA share, or
approximately $6.00 above the
per-share consideration.
Additionally, prior to the acquisition announcement, TLRA
announced positive financial results. It reported revenue of
$16.6 million and gross profits of
$13.1 million in the third quarter of
2019, representing annual growth of 23.3% and 13%
respectively.
Finally, the acquisition is a strategic transaction from which
RUBI anticipates leveraging TLRA's leadership in CTV technologies
and premium partnerships to expand its geographic footprint and
create the world's largest independent sell-side advertising
platform.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP