NEW YORK, May 11, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of West Corporation
("WSTC" or the "Company") (NASDAQ: WSTC) in connection with the
proposed acquisition of the Company by affiliates of Apollo Global
Management, LLC ("Apollo") (NYSE: APO). Under the terms of the
agreement, the Company's shareholders will receive $23.50 in cash for each WSTC share they own.
WeissLaw is investigating whether WSTC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the per-share consideration is a material discount from
WSTC's May 9 closing price of
$24.11, well below the Company's
recent trading high of $26.91 and 52
week high of $28.57, and $0.50 lower than the consensus analyst target
price of $24.00 per share. In
addition, the Company is the leader in global conferencing and
collaboration services, and in Apollo's own words, WSTC "is
well-positioned to capitalize on customer migration to cloud-based
solutions and continue to grow its Safety Services, Interactive
Services and Health Advocate Solutions businesses." Finally,
as a condition to the transaction, West agreed to suspend its
quarterly dividend.
Given these facts, WeissLaw is investigating whether WSTC's
Board acted in the best interests of its public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own WSTC shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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 or fill out the form
on our website,
http://www.weisslawllp.com/westcorporation/
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SOURCE WeissLaw LLP