On July 22, 2009 Bankrate, Inc. (Nasdaq: RATE), which operates Bankrate.com and other personal finance websites, said on Wednesday it agreed to a $571 million buyout by private equity firm Apax Partners. According to the buyout’s terms, Bankrate shareholders will receive $28.50 for each common share of stock. Investors believe the $28.50 buyout price is unfair because Bankrate stock was trading over $31.00 a share in June 2009, and trading for more than $39.00 per share in January 2009.
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