SAN DIEGO, Dec. 6, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of IntraLinks
Holdings, Inc. (NYSE: IL) breached their fiduciary duties in
connection with the proposed sale of the Company to Synchronoss
Technologies, Inc. IntraLinks provides software-as-a-service (SaaS)
solutions for secure enterprise content collaboration within and
among organizations in the United
States and internationally.
On December 6, 2016, IntraLinks
announced it had signed a definitive merger agreement with
Synchronoss. Under the terms of the agreement, Synchronoss will
acquire all of the outstanding common stock of Intralinks for
$13.00 per share.
The investigation concerns whether the IntraLinks board failed
to satisfy their duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for IntraLinks shares of common stock. Given the Company's
outlook for future revenue and earnings growth, nationally
recognized Johnson & Weaver is investigating whether the
proposed deal price represents adequate consideration; Moreover,
one Wall Street analyst has a $17.50
price target.
If you are a shareholder of IntraLinks and believe the proposed
buyout price is too low and you're interested in learning more
about the investigation or your legal rights and remedies, please
contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP