WASHINGTON, July 23, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed buyout of Bankrate, Inc. ("Bankrate" or the "Company") (Nasdaq:RATE) by Apax Partners LLP ("Apax"). Under the terms of the proposed buyout, Bankrate shareholders will receive $28.50 per share in a deal valued at approximately $571 million.
The investigation is focused on the potential unfairness of the offer price and on the process by which Bankrate's Board of Directors is addressing the offer. Indeed, the $28.50 per share buyout price represents a 32% discount to the Company's 52-week high of $41.92 per share.
If you are interested in discussing your rights as a Bankrate shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.