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Finjan Holdings, Inc. (NASDAQ: FNJN)

Merger

Overview
  • Date:
  • 6/10/2020
  • Case Caption:
  • Bercio v. Finjan Holdings, Inc., et al.
  • Stock Symbol:
  • FNJN
  • Company Name - Buyer:
  • Fortress Investment Group LLC
  • Status:
  • Filed
  • Merger Announcement Date:
  • 6/10/2020
  • Filing Date:
  • 7/16/2020
  • Court:
  • U.S. District Court: Northern California

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On June 10, 2020, Finjan announced that it had signed an agreement to be acquired by Fortress for approximately $43.9 million. Pursuant to the merger agreement, Finjan’s stockholders will receive $1.55 in cash for each share of Finjan common stock owned. The deal is scheduled to close in the third quarter of 2020.

Bragar Eagel & Squire is concerned that Finjan’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Finjan’s stockholders.

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