Navarre Investors Lose Bid To Halt $50M Acquisition

Law360, New York (November 7, 2012, 6:11 PM EST) -- A Minnesota federal judge refused Wednesday to block Navarre Corp.'s $50 million acquisition of fellow e-commerce firm SpeedFC Inc., rejecting claims by a putative class of Navarre shareholders that the company hid key information about the deal.

U.S. District Judge Patrick J. Schiltz denied plaintiff Helene Gottlieb’s Oct. 24 motion for a preliminary injunction to halt the acquisition, which is scheduled to go to a vote at Navarre’s annual shareholder meeting Nov. 20. Both Navarre and SpeedFC provide technology and logistics services for retailers and manufacturers...
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