NEW YORK, June 12, 2020 /PRNewswire/ -- Halper Sadeh LLP, a
global investor rights law firm, is investigating whether the sale
of Bitauto Holdings Limited (NYSE: BITA) to a consortium led by
Morespark Limited, an affiliate of Tencent Holdings Limited and Hammer Capital
Opportunities Fund L.P. (collectively, the "Consortium") for
$16.00 per share in cash is fair
to Bitauto shareholders. On behalf of Bitauto shareholders, Halper
Sadeh LLP may seek increased consideration for shareholders,
additional disclosures and information concerning the proposed
transaction, or other relief and benefits.
If you are a Bitauto shareholder and would like to discuss your
legal rights and options, please visit
https://halpersadeh.com/actions/finjan-holdings-inc-fnjn-fortress-stock-merger/ Bitauto
Merger or contact Daniel Sadeh
or Zachary Halper at (212) 763-0060
or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether Bitauto and its board of
directors violated the federal securities laws and/or breached
their fiduciary duties to shareholders by failing to: (1) obtain
the best possible consideration for Bitauto shareholders; (2)
determine whether the Consortium is underpaying for Bitauto; and
(3) disclose all material information necessary for Bitauto
shareholders to adequately assess and value the proposed
transaction.
If you are a Bitauto shareholder and would like to discuss your
legal rights and options, please visit
https://halpersadeh.com/actions/bitauto-holdings-limited-bita-stock-merger/
mailto:or contact Daniel Sadeh or
Zachary Halper at (212) 763-0060 or
sadeh@halpersadeh.com or zhalper@halpersadeh.com.
Halper Sadeh LLP represents investors all over the world
who have fallen victim to securities fraud and corporate
misconduct. Our attorneys have been instrumental in implementing
corporate reforms and recovering millions of dollars on behalf of
defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com
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SOURCE Halper Sadeh LLP