HSN (HSNI) ALERT: J&W Investigates Proposed Sale of HSN, Inc.; Are Shareholders Getting a Fair Deal?

SAN DIEGO, July 6, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of HSN, Inc. (NASDAQ: HSNI) breached their fiduciary duties in connection with the proposed sale of the Company to QVC parent company Liberty Interactive Corporation (NASDAQ: QVCA). HSN operates as an interactive multi-channel retailer in the United States. It operates through two segments, HSN and Cornerstone.

On July 6, 2017, HSN announced it had signed a definitive merger agreement with Liberty Interactive. Under the terms of the agreement, HSN shareholders will receive fixed consideration of 1.65 shares of Series A QVC Group common stock for every share of HSN common stock. Based on the Series A QVC Group common stock's closing price as of July 5, 2017 this equates to $40.36 per HSN share.

The investigation concerns whether the HSN board failed to satisfy its duties to the Company shareholders, including whether the board had adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for HSN shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given one Wall Street analyst has a $48.00 price target on the stock. The 52-week high for HSN stock was $54.03.

If you are a shareholder of HSN and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number.

About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

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SOURCE Johnson & Weaver, LLP