Wolf Popper LLP Investigates the Proposed Acquisition of Planet Payment, Inc. by Fintrax Group

NEW YORK, Oct. 31, 2017 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Planet Payment Inc. (NASDAQ: PLPM), concerning the proposed acquisition of Planet Payment by Fintrax Group.  Under the terms of the proposed acquisition, Planet Payment's shareholders will receive $4.50 per share in cash for a preliminary equity value of $224 million. 

According to Carl Stine, a partner at Wolf Popper LLP, "Given the offer price is below the 52-week high stock price and the median analyst price target, it's hard to understand how this deal is not undervalued."    

Wolf Popper is investigating claims on behalf of investors in Planet Payment concerning the transaction.  Planet Payment's shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Fei-Lu Qian at (212) 759-4600 or fqian@wolfpopper.com.

Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Super Lawyers or Rising Stars in the 2017 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP
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Email: fqian@wolfpopper.com

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SOURCE Wolf Popper LLP