YAHOO FINANCE - Mar 13 - Law Offices of Howard G. Smith is investigating potential claims against the board of directors of Spark Networks, related to a proposal by Great Hill Partners III, to acquire Spark Networks. Under the terms of proposed transaction, Great Hill Partners would acquire all of the outstanding shares of common stock of the Company not owned by Great Hill Partners, at a cash purchase price of $3.10 per share, an approximate 5% premium over Spark Networks’ closing price on March 2, 2010. Following the close of the transaction, Spark Networks would no longer be a public reporting or trading company. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the Spark Networks board of directors.
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