SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Bankrate, Inc. (RATE)

NEW YORK, July 3, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bankrate, Inc. ("Bankrate" or the "Company") (NYSE: RATE). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/rate.

The investigation concerns whether Bankrate board members breached their fiduciary duties in connection with the proposed sale of Bankrate to Red Ventures, and specifically, whether the board had pursued alternatives to the acquisition and obtained the best price for Bankrate common stock shareholders. 

On July 3, 2017, Bankrate announced it had signed a definitive merger agreement with Red Ventures. Under the terms of the agreement, Bankrate stockholders will receive $14.00 per share in cash.

If you are aware of any facts relating to this investigation, or purchased Bankrate shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/rate. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

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SOURCE Bronstein, Gewirtz & Grossman, LLC