Cases
Shutterfly, Inc. (NASDAQ: SFLY)
Merger
Overview
Overview
- Date:
- 6/11/2019
- Company Name:
- Shutterfly, Inc.
- Stock Symbol:
- SFLY
- Company Name - Buyer:
- Apollo Global Management, L.L.C.
- Stock Symbol - Buyer:
- APO
- Status:
- Closed/Complete
- Merger Announcement Date:
- 6/10/2019
NEW YORK, June 11, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Shutterfly, Inc. (NASDAQ: SFLY) on behalf of Shutterfly shareholders concerning the proposed merger with Apollo Global Management, LLC (NYSE: APO).
Pursuant to the proposed transaction, announced on June 10, 2019 and valued at $2.7 billion, Shutterfly shareholders will receive $51.00 for each share of Shutterfly common stock owned. The investigation focuses on whether Shutterfly and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Shutterfly shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on June 10, 2019 and valued at $2.7 billion, Shutterfly shareholders will receive $51.00 for each share of Shutterfly common stock owned. The investigation focuses on whether Shutterfly and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Shutterfly shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.