Law Offices of Howard G. Smith Announces Investigation On
Behalf of
Shareholders of Spark Networks, Inc.
BENSALEM, Pa.--(BUSINESS
WIRE)--Law Offices of Howard G. Smith announces that it is
investigating
potential claims against the board of directors of Spark Networks,
Inc.
(?Spark Networks? or the ?Company?) (AMEX:LOV) related to a
proposal by
Great Hill Partners III, LP ("Great Hill Partners") to acquire
Spark
Networks.
Under the terms of proposed transaction, Great Hill Partners would
acquire all of the outstanding shares of common stock of the
Company not
owned by Great Hill Partners, at a cash purchase price of $3.10
per
share, an approximate 5% premium over Spark Networks? closing
price on
March 2, 2010 ? one day before the announcement of Great Hill
Partners?
proposal. Following the close of the transaction, Spark Networks
would
no longer be a public reporting or trading company. The
investigation
concerns possible breaches of fiduciary duty and other violations
of law
related to approval of the transaction by the Spark Networks board
of
directors.
If you own shares of Spark Networks, if you have information or
would
like to learn more about these claims, or if you wish to discuss
these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847,
Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.comwww.howardsmithlaw.comRead more