Law Office of Brodsky & Smith, LLC Announces Investigation of EasyLink Services International Corporation
13 May 2012 - 2:30AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
EasyLink Services International Corporation. (“EasyLink” or the
“Company”) (Nasdaq: ESIC) relating to the proposed acquisition by
OpenText Corporation (“OpenText”).
Under the terms of the transaction, EasyLink shareholders would
receive only $7.25 in cash for each share of EasyLink stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
EasyLink for not acting in the Company’s shareholders' best
interests in connection with the sale process to OpenText. The
transaction may undervalue EasyLink as an analyst has set a price
target for EasyLink stock at $8.00 per share. In addition, EasyLink
reported operating results for the Second quarter of fiscal year
2012 that represented substantial increases over 2011 results.
If you own shares of EasyLink stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/424-esic-easylink-services-international-corporation.html,
or by calling toll free 877-LEGAL-90.
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