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REIS Alert: Johnson Fistel Investigates Proposed Sale of Reis, Inc.; Is $23.00 a Fair Price?


REIS Alert: Johnson Fistel Investigates Proposed Sale of Reis, Inc.; Is $23.00 a Fair Price?

PR Newswire

SAN DIEGO, Aug. 30, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Reis, Inc. (NASDAQ:REIS) breached their fiduciary duties in connection with the proposed sale of the Company to Moody's Corporation (NYSE:MCO) ("Moody's").

On August 30, 2018, Reis announced that it had signed a definitive merger agreement with Moody's. Under the terms of the merger agreement, Moody's will commence a tender offer to acquire all issued and outstanding shares of Reis common stock for $23.00 per share in cash.

The investigation concerns whether the Reis board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Reis shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $25.00 price target on the stock. Additionally, Reis has no long-term debt.

If you are a shareholder of Reis and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ( at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.

Johnson Fistel, LLP
Jim Baker, 619-814-4471 

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