STEVENSON, Md., April 11, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the State of Delaware Court of Chancery on behalf of all common stockholders of DFC Global Corp. ("DFC" or the "Company") (Nasdaq:DLLR) asserting claims that the members of the Company's board of directors have breached fiduciary duties they owe to DFC shareholders.
DFC recently announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Lone Star Funds ("Lone Star"). According to the complaint, under the terms of the proposed transaction, DFC shareholders will receive $9.50 in cash for each share of DFC common stock they own. According to Yahoo! Finance, at least one analyst following DFC has set a target price of $15.00 per share. The claims asserted in the lawsuit concern whether the Company's Board of Directors breached their fiduciary duties to stockholders by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Lone Star is underpaying for DFC shares.
If you currently own common stock of DFC and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.