AutoInfo Merger Shareholder Lawsuit

AutoInfo, Inc. (AUTO) announced a pending takeover by AutoInfo Holdings, LLC, a subsidiary of Comvest Investment Partners IV, L.P., one of the investment funds managed by Comvest Partners.  Under the terms of the proposed merger agreement, agreement, AutoInfo shareholders will be entitled to receive $1.05 per share in cash for each share of AutoInfo common stock.

Is $1.05 fair value for AUTO shareholders?  Published reports suggest that the offering price to EBIT and Revenue multiples are below those of comparable transactions.

Have AutoInfo’s board members complied with all duties owed to AUTO shareholders?  

Has the AutoInfo board of directors properly shopped the company to all possible suitors?

We are investigating whether the proposed transaction is fair to AutoInfo shareholders.  The investigation concerns whether the AutoInfo board of directors’ process for consideration of the proposed transaction was adequate, whether AutoInfo is acting in its shareholders’ best interests and whether the proposed share price to be paid to AUTO shareholders is fair and adequate. 
If you own the common stock of AutoInfo and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234.