On or around 08/02/2017 (Ongoing date of last review)
Filing Date: August 02, 2017
According to the Complaint, on July 2, 2017, the Board caused the Company to enter into an agreement and plan of merger ("Merger Agreement"), pursuant to which the Company's shareholders stand to receive $14.00 in cash for each share of Bankrate common stock they own (the "Merger Consideration").
The Complaint alleges that on July 28, 2017, the Board authorized the filing of a materially incomplete and misleading Preliminary Proxy Statement (the "Proxy") with the Securities and Exchange Commission ("SEC"), in violation of Sections 14(a) and 20(a) of the Exchange Act.
Company & Securities Information
Defendant: Bankrate, Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: RATE
Company Market: New York SE
Market Status: Public (Listed)
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