BALA CYNWYD, Pa., May 7, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of EasyLink
Services International Corporation ("EasyLink" or the "Company")
(Nasdaq: ESIC) relating to the proposed acquisition by OpenText
Corporation ("OpenText").
Under the terms of the transaction, EasyLink shareholders would
receive only $7.25 in cash for each
share of EasyLink stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of EasyLink for not acting in the
Company's shareholders' best interests in connection with the sale
process to OpenText. The transaction may undervalue EasyLink as an
analyst has set a price target for EasyLink stock at $8.00 per share. In addition, EasyLink reported
operating results for the Second quarter of fiscal year 2012 that
represented substantial increases over 2011 results.
If you own shares of EasyLink stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/424-esic-easylink-services-international-corporation.html,
or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
