CHYRONHEGO (CHYR) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of ChyronHego Corporation

WILMINGTON, Del.--(BUSINESS WIRE)--

Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of ChyronHego Corporation CHYR (“ChyronHego” or the “Company”) relating to the sale of the Company to Vector Capital L.P. (“Vector Capital”). On November 17, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Vector Capital will acquire ChyronHego in a merger worth $114 million. As a result of the merger, ChyronHego shareholders are only anticipated to receive $2.82 per share in cash in exchange for each share of ChyronHego.

Andrews & Springer's investigation focuses on the insufficient consideration that ChyronHego shareholders are expected to receive. While the Company claims that shareholders will receive a premium for their shares, this representation is misleading since the Company recently traded as high as $2.89 per share (roughly $.07 cents higher than the current deal price) as recently as November 7, 2014. Also, analysts at Yahoo! Finance have set a $4.00 per share price target for ChyronHego, which is approximately 41.84% more than what ChyronHego shareholders are expected to receive

Our investigation has also revealed that the process leading up to the announcement of the merger appears to have been run by a conflicted senior management team that appears to have acted in their own self-interests, thus making the process and consideration unfair. Specifically, ChyronHego's CEO Johan Apel, along with senior management, are receiving equity in the surviving company, as well as consideration and benefits that common shareholders will be not receiving. Based on this information, our investigation is looking into whether the benefits management received impeded their ability to negotiate the best possible deal for ChyronHego shareholders.

Given this information, Andrews & Springer LLC is preparing a class action lawsuit as a result. If you own shares of ChyronHego and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/CHYR or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice constitutes Attorney Advertising.