The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Fortegra Financial Corporation (NYSE:FRF) ("Fortegra" or
the "Company") relating to the proposed buyout of the Company by Tiptree
Financial Inc. ("Tiptree").
On August 12, 2014, Tiptree and Fortegra jointly announced the signing
of a merger agreement pursuant to which Tiptree will acquire Fortegra in
an all cash transaction valued at approximately $218 million. Under the
terms of the transaction, Fortegra shareholders are anticipated to
receive $10.00 in cash for each share of Fotegra common stock they own.
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Tiptree is underpaying for Fortegra shares.
If you currently own common stock of Fortegra and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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