E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Nicholas
Financial, Inc. ("Nicholas Financial" or the "Company") (NasdaqGS: NICK)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Prospect Capital
Corporation in a cash deal valued at approximately $199 million. Under
the terms of the proposed transaction, Nicholas Financial's stockholders
will receive $16.00 for each share of Nicholas Financial common stock
Request more information now by clicking here: www.faruqilaw.com/NICK.
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The investigation focuses on whether Nicholas Financial's Board of
Directors breached their fiduciary duties to the Company's stockholders
by failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Nicholas Financial's shareholders.
& Faruqi, LLP is a national law firm which represents investors
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If you own common stock in Nicholas Financial, Inc. and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/NICK
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.