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Absolutely must of this is going to end badly for the board and management.. Someone was certainly paid off.. My investors are certainly not voting for this
"Nov. 18, 2015 /PRNewswire/ -- B. Riley Capital Management, LLC, a unit of B. Riley Financial, Inc. (RILY), has proposed a negotiated transaction to the board of directors of United Online, Inc. (UNTD) to acquire all of its outstanding shares for $12.50 per share."
Six months later, they agree to a price 12% LOWER than before?
"May 04, 2016 (GLOBE NEWSWIRE) -- United Online, Inc. (UNTD) (“Company”) today announced a definitive agreement under which B. Riley Financial, Inc. and certain of its affiliates (RILY) (“B. Riley”) will acquire all of United Online’s common stock for approximately $170 million in cash or $11.00 per share."
Yeah, I'd say a lawsuit definitely has merit in this case.
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