SAN DIEGO, Dec. 10, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation intowhether the board members of Nutrisystem, Inc. (NASDAQ: NTRI) ("Nutrisystem") breached their fiduciary duties in connection with the proposed sale of the Company to Tivity Health, Inc. (NASDAQ: TVTY) ("Tivity").
The investigation concerns whether the Nutrisystem board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Nutrisystem shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given that one Wall Street analyst has a $53.00 price target on the stock, and analysts' projections for future earnings and revenue growth. Additionally, Nutrisystem has over $90 million in cash and no long-term debt. The 52-week high for Nutrisystem was $55.10.
If you are a shareholder of Nutrisystem and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:Johnson Fistel, LLPJim Baker, email@example.com
[Click here to join this action]
View original content:http://www.prnewswire.com/news-releases/nutrisystem-ntri-alert-johnson-fistel-investigates-proposed-sale-of-nutrisystem-inc-to-tivity-health-inc-are-shareholders-getting-a-fair-deal-300762528.html
SOURCE Johnson Fistel, LLP
Subscribe to our Free Newsletters!