NEW YORK, July 20, 2020 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of
fiduciary duty and other violations of law by the board of
directors of Majesco ("MJCO" or the "Company") (NASDAQ: MJCO) in
connection with the proposed acquisition of the Company by
Thoma Bravo. Under the terms
of the merger agreement, MJCO shareholders will receive
$13.10 in cash for each share of MJCO
common stock that they own.
If you own MJCO shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/majesco/
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether MJCO's board acted to maximize
shareholder value prior to entering into the acquisition agreement
and whether the board was fully informed as to the valuation of the
proposed acquisition of the Company. Notably, it appears that
the Company's entire leadership team, including its CEO
Adam Elster, have secured positions
for themselves upon completion of the transaction. This calls
into doubt whether the negotiation with respect to this transaction
was truly arm's length.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, whether MJCO's board and
management were truly independent and acting in the best interests
of the Company's stockholders, and whether all material information
related to the proposed acquisition will be fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP