SAN DIEGO, Dec. 13, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Lionbridge Technologies, Inc.
(NASDAQ: LIOX) breached their fiduciary duties in connection with
the proposed sale of the Company to H.I.G. Capital, LLC.
On December 12, 2016, Lionbridge
announced it had signed a definitive merger agreement with
H.I.G. Under the terms of the agreement, Lionbridge
stockholders will receive $5.75 per
share in cash for each share of Lionbridge common stock. At
least one Wall Street analyst had set a price target for Lionbridge
stock of $7.00.
The investigation concerns whether the Lionbridge 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 Lionbridge stock. Nationally recognized Johnson & Weaver
is investigating whether the proposed deal price represents
adequate consideration.
If you are a shareholder of Lionbridge and believe the
proposed buyout price is too low and 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