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Lawsuit filed for Investors in shares of Telaria, Inc. (NYSE: TLRA) in connection with proposed Takeover filed

03-19-2020 10:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed by an investor of Telaria, Inc. (NYSE: TLRA) in connection with the proposed takeover.

A lawsuit was filed by an investor of Telaria, Inc. (NYSE: TLRA) in connection with the proposed takeover.

An investor in shares of Telaria, Inc. (NYSE: TLRA) filed a lawsuit in connection with the takeover of Telaria, Inc. by Rubicon Project.

Investors who purchased shares of Telaria, Inc. (NYSE: TLRA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

New York based Telaria, Inc. provides a software platform for publishers to manage and monetize video advertising in the United States. On December 19, 2020, Rubicon Project (NYSE:RUBI) and Telaria (NYSE: TLRA) announced that they have entered into a definitive agreement to combine in a stock-for-stock merger. Under the terms of the agreement Telaria shareholders stand to receive 1.082 shares of The Rubicon Project, Inc. for each share of Telaria stock they own. Based on a closing price of $7.22 per share on December 18, 2019 for NYSE: RUBI shares, investors in NYSE: TLRA shares will reveice a value of approximately $7.81 per share. However, at least one analyst has set the high target price for NYSE: TLRA shares at $15.00 per share.

The plaintiff alleges that the Registration Statement filed in connection with the proposed takeover with the Securities and Exchange Commission violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company's financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Telaria shareholders

Shares of Telaria, Inc. (NYSE: TLRA) closed at $5.65 per share on March 19, 2020.

Those who are current investors in Telaria, Inc. (NYSE: TLRA) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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