NEW YORK, June 15, 2020 /PRNewswire/ -- Halper Sadeh LLP, a
global investor rights law firm, is investigating whether the sale
of 58.com Inc. (NYSE: WUBA) to a consortium of investors including
Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd.
and Ocean Link Partners Limited (including their respective
affiliated investment entities), Jinbo
Yao, the Chairman and Chief Executive Officer of 58.com, and
Internet Opportunity Fund LP (collectively, the "Consortium") is
fair to 58.com shareholders. On behalf of 58.com shareholders,
Halper Sadeh LLP may seek increased consideration for shareholders,
additional disclosures and information concerning the proposed
transaction, or other relief and benefits.
If you are a 58.com shareholder and would like to discuss your
legal rights and options, please visit 58.com Merger or
contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or
sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether 58.com and its board of
directors violated the federal securities laws and/or breached
their fiduciary duties to shareholders by failing to: (1) obtain
the best possible consideration for 58.com shareholders; (2)
determine whether the Consortium is underpaying for 58.com; and (3)
disclose all material information necessary for 58.com shareholders
to adequately assess and value the proposed transaction.
If you are a 58.com shareholder and would like to discuss your
legal rights and options, please visit
https://halpersadeh.com/actions/58-com-inc-wuba-stock-merger-warburg-pincus/
or contact Daniel Sadeh or
Zachary Halper at (212) 763-0060 or
sadeh@halpersadeh.com or zhalper@halpersadeh.com.
Halper Sadeh LLP represents investors all over the world
who have fallen victim to securities fraud and corporate
misconduct. Our attorneys have been instrumental in implementing
corporate reforms and recovering millions of dollars on behalf of
defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com
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SOURCE Halper Sadeh LLP