Socialthing Appoints SRS as Stockholder Representative in AOL Acquisition
09.18.2008SAN FRANCISCO – September 18, 2008 – Shareholder Representative Services LLC (SRS), the first and only company specializing in post-closing shareholder representation in private M&A transactions, today announced that it has been appointed as the representative of the former stockholders of Socialthing, Inc., a “digital life manager” that centralizes various social networking activities into a single dashboard, following its recent acquisition by AOL LLC.
The principal selling shareholders of Boulder, CO-based Socialthing include TechStars and eonBusiness.
“When engaging a shareholder representative, investors need full assurance that their interests are being professionally and actively managed,” said Mark Vogel, managing director of SRS. ”SRS has a dedicated team of professionals that takes a proactive role in evaluating claims and managing disputes while maintaining regular communications with shareholders and handling all the day-to-day issues that may arise during the post-closing period.”
SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions. As shareholder representative, the firm manages post-closing matters including handling claims by buyers for damages related to breaches of representations or warranties, communicating with escrow agents and other parties to the transaction, and resolving other matters that may arise following closing.
For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.
About Shareholder Representative Services?
Headquartered in San Francisco and with offices in Silicon Valley and Denver, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies – identifying the next deal and managing the rest of their portfolio – rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders. More information on the company can be found at http://www.shareholderrep.com.
Contact:?
Heather Scott
Shareholder Representative Services
Phone: 415-373-4023
Email: heather.scott@shareholderrep.com
| SRS has a dedicated team of professionals that takes a proactive role in evaluating claims and managing disputes while maintaining regular communications with shareholders and handling all the day-to-day issues that may arise during the post-closing period. | ||
| Mark Vogel Managing Director<br>Shareholder Representative Services | ||