NEW ORLEANS, March 27, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC announces that it encourages investors to now participate in its ongoing investigation into the fairness and adequacy of the $616 million bid for Vertrue Inc. (Nasdaq:VTRU) by its management team and an investor group, including private-buyout firms One Equity Partners, Oak Investment Partners and Rho Ventures.
According to a Reuters report on March 22nd, Vertrue shareholders will receive $48.50 in cash for each share. Including debt, the total value of the deal is about $800 million. Vertrue is an online direct marketing services company headquartered in Norwalk, Connecticut.
The initial stages of KGS' investigation indicate that the anticipated private equity offer may substantially undervalue the price of Vertrue shares. Investors are now encouraged to assist in the KGS investigation. Investors with knowledge regarding the undervaluation of the buyout offer, or with knowledge of facts that demonstrate the unfairness of the bidding or evaluation process, are encouraged to contact Lewis Kahn, President, KGS: Investigations Bureau toll free 1-866-467-1400, ext. 106, or by email at lewis.kahn@kgscounsel.com as soon as possible, without obligation or cost to you.