SAN DIEGO, June 13, 2016 /PRNewswire-USNewswire/ --
Shareholder rights law firm Johnson & Weaver, LLP has launched
an investigation into whether the board members of LinkedIn
Corporation (NYSE: LNKD) breached their fiduciary duties in
connection with the proposed sale of the Company to Microsoft
Corporation (NASDAQ: MSFT).
Additional Information:
LinkedIn operates an online professional network worldwide.
On June 13, 2016, LinkedIn
announced it had signed a definitive merger agreement with
Microsoft. Under the terms of the agreement, LinkedIn stockholders
will receive $196.00 per share in
cash.
The investigation concerns whether the LinkedIn 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 LinkedIn
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration; especially given that the price
target for one Wall Street analyst is $225.00. The 52 week high for LinkedIn stock is
$258.39.
If you are a shareholder of LinkedIn and believe the proposed
buyout price is too low or 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. If emailing, please
include a phone number where you can be reached.
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