MILWAUKEE, Dec. 17, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating LogMeIn, Inc. (NASDAQ:
LOGM) for possible breaches of fiduciary duty and other
violations of the law in connection with the sale of LogMeIn to
affiliates of Francisco Partners and Evergreen Coast Capital.
Click here to learn how to join the action:
http://ademilaw.com/case/logmein-inc or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges LogMeIn's financial outlook is
improving and yet shareholders will receive only $86.05 per share. The all-cash transaction values
LogMeIn at an aggregate equity valuation of approximately
$4.3 billion. The merger
agreement unreasonably limits competing bids for LogMeIn by
prohibiting solicitation of further bids, and imposing a
termination penalty if LogMeIn accepts a superior bid. LogMeIn
insiders will receive millions of dollars as part of change of
control arrangements. We are investigating the conduct of LogMeIn's
board of directors, and whether they are (i) fulfilling their
fiduciary duties to all shareholders, and (ii) obtaining a fair and
reasonable price for LogMeIn.
If you own common stock in LogMeIn and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/logmein-inc.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original
content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-logmein-inc-has-obtained-a-fair-price-in-its-sale-to-affiliates-of-francisco-partners-and-evergreen-coast-capital-300976196.html
SOURCE Ademi & O'Reilly, LLP