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SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of United Online, Inc. and Encourages Investors to Contact the Firm for Additional Information

STEVENSON, Md., May 07, 2016 (BUSINESS WIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of United Online, Inc. (“United Online” or the “Company”) UNTD, +0.00% relating to the proposed buyout of the Company by B. Riley Financial, Inc.

Under the terms of the agreement, United Online shareholders are anticipated to receive $11.00 in cash for each share of United Online common stock held. The firm’s...