Pendrell Corporation to Delist from NASDAQ
Did you lose money investing in Pendrell Corporation under the advisement of your broker? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses through a FINRA Arbitration claim.
Pendrell Corporation is a fully integrated intellectual property investment, advisory services and asset management firm. The company develops and implements strategies to acquire, commercialize, manage, divest and license IP.
According to reports, the company will delist from NASDAQ on November 30, 2017.
Tender offer
Mackenzie Capital Management LP has extended a tender offer to purchase shares of Pendrell Corporation for just $1.00/share.
According to the letter from Mackenzie on October 9, Pendrell shares are currently traded on the NASDAQ under the symbol “PCO” but there is a relatively low volume of trades (average of 76,154 Shares per day). The Corporation intends to terminate its listing and “go dark” on or shortly after November 30, 2017. The Shares have traded at prices between $5.89 and $7.61 per Share over the past 52 weeks. The most recent trade prior to publication of this Offer was $6.85 per Share on October 3, 2017.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation of Pendrell Corporation.
Brokerage firms are required to perform adequate due diligence on every investment they recommend to ensure a reasonable likelihood of success. They must evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.
Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a Financial Industry Regulatory Authority (FINRA) arbitration claim. If you suffered losses investing in Pendrell Corporation and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
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