An investigation for investors in NASDAQ:LIOX shares was announced concerning whether the takeover of Lionbridge Technologies, Inc. by an affiliate of private equity investment firm H.I.G for $5.75 per share is unfair to NASDAQ:LIOX stockholders.
Investors who purchased shares of Lionbridge Technologies, Inc. (NASDAQ:LIOX) and currently hold any of those NASDAQ:LIOX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Lionbridge Technologies, Inc. breached their fiduciary duties owed to NASDAQ:LIOX investors in connection with the proposed acquisition.
On Dec. 12, 2016, Lionbridge Technologies, Inc. (NASDAQ:LIOX) announced that it has signed an agreement to be acquired by an affiliate of private equity investment firm H.I.G.. Under the terms of the agreement, Lionbridge Technologies, Inc. (NASDAQ:LIOX)stockholders will receive $5.75 per share in cash for each share.
However, given that at least one analyst has set the high target price for NASDAQ:LIOX at $7.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:LIOX stockholders. More specifically, the investigation concerns whether the Lionbridge Technologies 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.
Lionbridge Technologies, Inc. reported that its annual Total Revenue rose from $490.61 million in 2014 to $559.98 million in 2015 and that its respective Net Income rose from $8.11 million to $14.24 million.
Those who are current investors in NASDAQ:LIOX shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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