NEW YORK, Aug. 15, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Presidio,
Inc. ("Presidio" or the "Company") (NASDAQ: PSDO) in
connection with the proposed acquisition of the Company by funds
advised by BC Partners. Under the terms of the acquisition
agreement, Presidio shareholders will receive $16.00 for each share of PSDO they own.
If you own PSDO shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/presidio-inc/
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WeissLaw is investigating whether Presidio's
Board acted to maximize shareholder value prior to entering
into the acquisition agreement. Specifically, the Company
announced its Total Revenue was up 8% year over year during the
third quarter of 2019.
WeissLaw is concentrating its investigation on whether the
acquisition enhances shareholder value. Notably, Return on
Equity has improved from 0.7% in 2017 to 17.7% in 2018 and
Operating Margin has improved from 0.2% in 2017 to 1.9% in
2018. Additionally, net profit was up 2,950% from
$4.4 million in 2017 to $134.2 million in 2018, while EPS was up 2,333.3%
from 6 cents in 2017 to $1.46 in 2018.
Given these facts, WeissLaw is also concerned whether the
proposed merger undervalues the Company, and whether all material
information related to the proposed merger is 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