Investigation Launched into CoreCard Corporation Sale

New Orleans, Louisiana – An investigation has been initiated by Kahn Swick & Foti, LLC (KSF) into the proposed sale of CoreCard Corporation to Euronet Worldwide, Inc. The transaction will see each share of CoreCard common stock exchanged for Euronet common stock, but concerns have surfaced regarding whether the deal adequately values CoreCard.

CoreCard’s shareholders will receive an exchange ratio ranging from 0.2783 to 0.3142 Euronet shares for every CoreCard share they own. This ratio will depend on the final price of Euronet stock, specifically calculated based on a 15-trading day average price leading up to the closing. If the final stock price of Euronet is $95.48 or below, shareholders will receive 0.3142 Euronet shares for each of their CoreCard shares. Conversely, if the final price is $107.80 or above, they will receive 0.2783 shares.

KSF is scrutinizing the transaction terms and the decision-making process that led to this agreement to determine if the deal undervalues CoreCard. Shareholders who feel that the sale does not reflect the company’s rightful worth are encouraged to reach out for information on their legal rights. They can contact KSF Managing Partner Lewis S. Kahn directly via email or by calling a toll-free number.

Legal Investigations into the Sale

Additionally, Halper Sadeh LLC, another law firm specializing in investor rights, has also begun investigating the proposed sale. Their inquiry focuses on the fairness of the transaction terms and potential violations of federal securities laws as well as the board of directors’ fiduciary duties to the shareholders.

Halper Sadeh’s main objective is to secure improved terms for CoreCard shareholders or to obtain further disclosures regarding the merger. They operate on a contingency fee basis, which means that clients are not required to pay upfront legal fees. Instead, they would only pay if the firm is successful in recovering funds or securing favorable terms.

Background on CoreCard and Euronet

CoreCard Corporation, listed on the New York Stock Exchange under the symbol CCRD, is a company that specializes in providing payment processing solutions and development services for card payment processing programs. Euronet Worldwide, a Nasdaq-listed entity (EEFT), operates in electronic payments, offering various services including foreign exchange as well as prepaid and debit card processing services.

The proposed sale comes amidst evolving dynamics in the payment processing industry, whereby digital transactions are increasingly becoming a norm. Stakeholders are closely watching developments in this acquisition, given that how the transition is managed could significantly influence shareholder values and the strategic future for both companies involved.

CoreCard shareholders concerned about the merger’s implications are urged to stay informed and consider their options. The outcomes of these ongoing investigations may not only affect the terms of the sale but could also set precedents for future shareholder rights in similar transactions.