Web.com Alert: Johnson Fistel Investigates Proposed Sale of Web.com Group, Inc.; Is $25 a Fair Price?
Web.com Alert: Johnson Fistel Investigates Proposed Sale of Web.com Group, Inc.; Is $25 a Fair Price? |
| [21-June-2018] |
SAN DIEGO, June 21, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Web.com Group, Inc. (NASDAQ: WEB) ("Web.com") breached their fiduciary duties in connection with the proposed sale of the Company to Siris Capital Group, LLC ("Siris"). Web.com provides a range of Internet services to small businesses in North America, South America, and the United Kingdom. On June 21, 2018, Web.com announced that it had signed a definitive merger agreement with Siris. Under the terms of the agreement, Web.com shareholders will receive $25.00 per share in cash. The investigation concerns whether the Web.com 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 Web.com shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal price represents adequate consideration, especially given that one Wall Street analyst has a $32.00 price target on the stock. If you are a shareholder of Web.com 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 (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, LLP: Contact:
SOURCE Johnson Fistel, LLP | ||
Company Codes: NASDAQ-NMS:WEB |
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