Benefytt Technologies, Inc.
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BENEFYTT TECHNOLOGIES MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF BENEFYTT TECHNOLOGIES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM
July 13, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Benefytt Technologies, Inc. (NASDAQ: BFYT) to funds affiliated with Madison Dearborn Partners, LLC (“Madison Dearborn”) for $31.00 per share is fair to Benefytt Technologies shareholders. On behalf of Benefytt Technologies shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The investigation concerns whether Benefytt Technologies and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Benefytt Technologies shareholders; (2) determine whether Madison Dearbon is underpaying for Benefytt Technologies; and (3) disclose all material information necessary for Benefytt Technologies shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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