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Blackhawk Left Out Key Info In $3.5B Sale, Investor Says

Law360 (March 8, 2018, 6:28 PM EST) -- A pair of private equity firms should not be allowed to go forward with their $3.5 billion proposal to buy gift card provider Blackhawk Network Holdings because important financial information about the deal was omitted, a shareholder has alleged in California federal court.

Blackhawk’s statements about Silver Lake Partners and P2 Capital Partners’ proposed acquisition don’t reveal enough information about an insider’s potential conflicts of interest, the process that led to the sale and Blackhawk’s financial projections, shareholder Harold Litwin alleged in his March 7 complaint....
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Case Information

Case Title

Litwin v. Blackhawk Network Holdings, Inc. et al


Case Number

3:18-cv-01484

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Donna M. Ryu

Date Filed

March 7, 2018

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