Glancy
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of Move, Inc. (“Move” or the “Company”)
(NASDAQ:MOVE) related to the proposed acquisition of the Company by News
Corporation. The transaction is valued at approximately $950 million, or
$21.00 per share.
This investigation concerns whether the Board of Directors of Move
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. Further, at least one analyst has
set a target price for the Company’s stock at $23.00 per share.
If you are a shareholder of Move, if you have information or would like
to learn
more about our investigation, or if you wish to discuss your rights
or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to shareholders@glancylaw.com.
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Copyright Business Wire 2014