NEW YORK, NY / ACCESSWIRE / November 9, 2018 / WeissLawLLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Inuvo Inc. ("INUV" or the "Company") (INUV) in connection with the proposed acquisition of the Company by affiliates of ConversionPoint Technologies, Inc. Under the terms of the acquisition agreement, shareholders will be entitled to receive $0.45 in cash and stock valued at approximately $1.77, representing consideration of $2.22 per INUV share.
If you own INUV shares and wish to discuss this investigation or have any questions concerning this notice or your rightsor interests, please contact:
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WeissLaw is investigating whether INUV's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company announced gross margins increased from 52.5% in the third quarter of 2017 to 63.1% in the current period.
Moreover, the deal is a strategic transaction which allows ConversionPoint access to INUV's patented AI-driven consumer behavior technology.
Given these facts, WeissLaw is investigating whether INUV's Board acted in the best interests of INUV's public shareholders to maximize shareholder value prior to entering into the agreement. If you own INUV shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
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 email@example.com
SOURCE: WeissLaw LLP