(NYSE MKT: INUV)
Attention investors who purchased shares of Inuvo, Inc. before November 5, 2018:
Rigrodsky & Long is investigating potential claims against the board of directors of Inuvo, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by ConversionPoint Technologies, Inc. for approximately $75.5 million.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Inuvo, Inc. (“Inuvo” or the “Company”) (NYSE AMERICAN: INUV) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with ConversionPoint Technologies, Inc. (“ConversionPoint”) in a transaction valued at approximately $75.5 million. Under the terms of the agreement, shareholders of Inuvo will receive $0.45 per share in cash and stock valued at an estimated $1.77 per share for each share of Inuvo common stock. ConversionPoint plans to file a Form S-4 with the Securities and Exchange Commission to register the shares of common stock to be issued in the acquisition and intends to file listing applications for the stock with the NASDAQ Capital Market and the Toronto Stock Exchange.
If you own common stock of Inuvo and purchased any shares before November 5, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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