SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of C...
14 Mai 2014 - 1:01AM
Business Wire
Rigrodsky & Long, P.A. announces a complaint alleging
breaches of fiduciary duty and other violations of law has been
filed in the Delaware Court of Chancery against the board of
directors of Cbeyond, Inc. (“Cbeyond” or the “Company”) (NASDAQ GS:
CBEY) in connection with the Company’s entry into an agreement to
be acquired by Birch Communications, Inc. (“Birch”), in a
transaction valued at approximately $323 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.
Under the terms of the agreement, public shareholders of Cbeyond
will receive between $9.97 and $10.00 per share in cash for each
share of Cbeyond they own. The exact amount will be determined
based on stock transactions relating to previously granted stock
awards to employees that occur after execution of the definitive
agreement.
The complaint alleges that Cbeyond’s board of directors failed
to adequately shop the Company and obtain the best possible value
for Cbeyond’s shareholders before entering into an agreement with
Birch.
If you own the common stock of Cbeyond’s and purchased your
shares before April 21, 2014, and would like to learn more about
these allegations, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803, by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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