Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of The Rubicon Project, Inc. (“Rubicon Project” or the “Company”) (NYSE: RUBI)with Telaria, Inc. (“Telaria”) (NYSE: YUM). Under the terms of the agreement, Telaria shareholders will receive 1.082 shares of Rubicon Project stock for each share of Telaria common stock they own. After the merger, Telaria stockholders are expected to own approximately 47.1% and Rubicon Project stockholders are expected to own approximately 52.9% of the fully diluted shares of the combined company.
The Rubicon Project merger investigation concerns whether the Board of Rubicon Project breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the merger with Telaria undervalues Rubicon Project shares, thus unlawfully harming Rubicon Project shareholders.
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