SAN DIEGO, Aug. 3, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Sizmek Inc.
(NASDAQ: SZMK) breached their fiduciary duties in connection with
the proposed sale of the Company to Vector Capital.
Additional Information:
Sizmek operates an online ad campaign management and distribution
platform that provides online advertising services worldwide.
On August 3, 2016, Sizmek
announced it had signed a definitive merger agreement with Vector.
Under the terms of the agreement, Sizmek stockholders will receive
$3.90 per share in cash.
The investigation concerns whether the Sizmek board failed to
satisfy their 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 Sizmek
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration; especially given that Sizmek has no long
term debt and over $36 million in
cash. The 52-week high for Sizmek stock is
$7.74.
If you are a shareholder of Sizmek and believe (1) the
proposed buyout price is too low or (2) the merger benefits
management more than the shareholders, and (3) you're interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at
619-814-4471.
About Johnson & Weaver, LLP:
Johnson &
Weaver, 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 http://www.johnsonandweaver.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP