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Snapfish, LLC (“Snapfish”), premier personalized photo service, today announced that its wholly-owned subsidiary, Snapfish Merger Sub, Inc. (“Purchaser”), successfully completed its tender offer for all the outstanding shares of common stock (“Shares”) of CafePress Inc. (PRSS) (“CafePress” or the “Company”) at a price of $1.48 per share, net to the seller in cash, without interest but subject to any required withholding taxes. CafePress is a leading retailer of engaging merchandise and personalized gifts.
BALA CYNWYD, PA / ACCESSWIRE / October 24, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors CafePress, Inc. ("CafePress" or "the Company") (NASDAQ:PRSS News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Snapfish LLC. ("Snapfish"). Under the terms of the transaction, CafePress shareholders will receive only $1.48 in cash for each share of CafePress stock they own. The investigation concerns whether the Board of CafePress breached their fiduciary duties to shareholders and whether Snapfish is underpaying for the Company.
NEW YORK, NY / ACCESSWIRE / October 22, 2018 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New ...