SAN DIEGO, Aug. 9, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Monster Worldwide, Inc. (NYSE:
MWW) breached their fiduciary duties in connection with the
proposed sale of the Company to Randstad Holding. Monster provides
online and mobile employment and recruitment solutions
worldwide.
On August 9, 2016, Monster
announced it had signed a definitive merger agreement with
Randstad. Under the terms of the agreement, Monster stockholders
will receive $3.40 a share in
cash.
The investigation concerns whether the Monster 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 Monster
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration, especially given one Wall Street analyst
has a $7.50 price target on the
stock. Monster's 52 week high was $8.23.
If you are a shareholder of Monster 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