On Deck Capital, Inc.
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ON DECK MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ON DECK CAPITAL, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM
July 28, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of On Deck Capital, Inc. (NYSE: ONDK) to Enova International, Inc. is fair to On Deck shareholders. Under the terms of the agreement, On Deck shareholders will receive $0.12 cents per share in cash and 0.092 shares of Enova common stock for each share of On Deck held. On behalf of On Deck 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 On Deck 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 On Deck shareholders; (2) determine whether Enova is underpaying for On Deck; and (3) disclose all material information necessary for On Deck shareholders to adequately assess and value the proposed transaction.
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