Faruqi & Faruqi Investigation: Rentrak Corporation
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rentrak Corporation (“Rentrak” or the “Company”) (NasdaqGS:RENT) for potential breaches of fiduciary duties in connection with the sale of the Company to comScore, Inc. for approximately $800 million.
The Company’s stockholders will only receive 1.15 shares of comScore, approximately $53.15 according to comScore’s closing share price on September 30, for each share of Rentrak they own. However, at least one analyst has set a target price of $100.00 per share and Company shares have traded at $71.89 as recently as August 4, 2015.
If you own common stock in Rentrak and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.