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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Inuvo, Inc. (NYSE American: INUV) to ConversionPoint Technologies, Inc. Under the terms of the transaction, Inuvo shareholders will receive $0.45 and 0.18877 shares of ConversionPoint Holdings, Inc. for each share of Inuvo stock they own; this represents an approximate value of $2.22 per share.
The Inuvo merger investigation concerns whether the Board of ConvergeOne breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether ConversionPoint Technologies, Inc. is underpaying for Inuvo shares, thus unlawfully harming Inuvo shareholders.
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