Finkelstein Thompson LLP Announces Investigation of EasyLink Services Corp.
10 Mayo 2012 - 1:32PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of EasyLink Services Corp. (“EasyLink” or
the “Company”) (NASDAQ: ESIC), concerning the proposed acquisition
of the Company by Open Text Corp. Under the terms of the
transaction, EasyLink shareholders would receive $7.25 per share in
cash, in a deal worth approximately $310 million.
The Company has performed well recently. Between December 15,
2011 and the announcement of the deal, ESIC shares rose 64.8%, from
$3.86 to $6.36. At least one analyst has set a target price of
$8.00 for the Company’s shares.
The investigation is focused on the potential unfairness of the
consideration to EasyLink shareholders, the process by which the
Company’s Board of Directors considered the transaction, and
potential conflicts of interests among EasyLink’s Board
members.
If you are interested in discussing your rights as an EasyLink
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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