SOURCE: Shareholders Foundation, Inc.

Shareholders Foundation, Inc.

November 14, 2011 09:32 ET

interCLICK Inc Investor Lawsuit Against Takeover by Yahoo! Inc. Announced by Shareholders Foundation

SAN DIEGO, CA--(Marketwire - Nov 14, 2011) - The Shareholders Foundation, Inc. announces that an investor filed a lawsuit in State Court for current stockholders of interCLICK Inc (ICLK) in an effort to block the proposed takeover of interCLICK by Yahoo! Inc.

Those who currently are investors in shares of interCLICK Inc (ICLK) and purchased ICLK shares before November 1, 2011 should contact the Shareholders Foundation, Inc. by e-mail at or call +1 (858) 779-1554.

On Tuesday, Nov. 1, 2011, interCLICK Inc (ICLK) and Yahoo! Inc. (YHOO) announced an agreement for Yahoo! to acquire interCLICK. Under the terms of the proposed transaction, Yahoo! will commence an all-cash tender offer for all outstanding shares of common stock of interCLICK at $9.00 per share.

However, the plaintiff alleges that the $9 offer undervalues interCLICK and ignores the company's recent financial performance. In fact, at least one analyst has set a high target price at $10 per share, thus above the current offer. In addition interCLICK has performed exceptionally well for its investors. Its annual Revenue rose from $6.65 million in 2007 to $101.20 million in 2010. Its second quarter Revenue rose from $21.66 million last year to $29.03 million this year. Additionally interCLICK Inc was able to pull out of a Net Loss of $3.23 million for 2007, respectively $12.03 million and report a Net Income of $4.08 million in 2010.

Further, the plaintiff claims that certain terms of the merger agreement, such as a non-solicitation, the matching rights, and the $9 million termination fee provision, may dissuade or otherwise preclude the emergence of a superior transaction.

Those who currently are investors in shares of interCLICK Inc (ICLK) and purchased their shares before the announcement should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

    Shareholders Foundation, Inc.
    Trevor Allen
    +1 (858) 779-1554
    3111 Camino Del Rio North
    Suite 423
    San Diego, CA 92108