The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Kofax Ltd (NASDAQ:KFX), was launched concerning whether the takeover of Kofax Ltd by Lexmark International, Inc for $11.00 per share is unfair to NASDAQ:KFX stockholders.
Investors who purchased shares of Kofax Ltd (NASDAQ:KFX) and currently hold any of those NASDAQ:KFX shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Kofax Ltd breached their fiduciary duties owed to NASDAQ:KFX investors in connection with the proposed acquisition.
On March 24, 2015, Lexmark International, Inc and Kofax Ltd (NASDAQ:KFX) announced that the two companies have entered into a merger agreement in which Lexmark will acquire Kofax Ltd (NASDAQ:KFX). Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax Ltd (NASDAQ:KFX) for $11.00 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired.
However, given that certain Kofax shareholders, holding approximately 25 percent of the outstanding shares of Kofax, have already signed a voting agreement committing to support the merger, the investigation concerns whether the offer is unfair to NASDAQ:KFX stockholders. More specifically, the investigation concerns whether the Kofax Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Kofax Ltd (NASDAQ:KFX) closed on April 10, 2015, at $10.95 per share.
Those who are current investors in Kofax Ltd (NASDAQ:KFX) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego