Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Tuesday, December 22, 2015
Faruqi & Faruqi Investigation: Heartland Payment Systems, Inc.
The Company’s stockholders will only receive $53.28 in cash and 0.6687 shares of Global Payments or approximately $94.83 for each share of Heartland common stock they own.
The investigation focuses on whether Heartland’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Heartland’s shareholders.