An investigation on behalf of investors of Electronics for Imaging, Inc. (NASDAQ: EFII) in connection with the proposed takeover was announced and NASDAQ: EFII stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/22/2019 -- The takeover of Electronics for Imaging, Inc. is under investigation concerning whether the acquisition of Electronics for Imaging, Inc. is unfair to NASDAQ: EFII stockholders.
Investors who purchased shares of Electronics for Imaging, Inc. (NASDAQ: EFII) and currently hold any of those NASDAQ: EFII shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Electronics for Imaging, Inc. breached their fiduciary duties owed to NASDAQ: EFII investors in connection with the proposed acquisition.
Fremont, CA based Electronics for Imaging, Inc. provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. ON April 15, 2019, Electronics For Imaging, Inc. (Nasdaq: EFII) announced that it has entered into an agreement to be acquired by an affiliate of Siris Capital Group, LLC in an all-cash transaction valued at approximately $1.7 billion. Under the terms of the Agreement, which has been unanimously approved by EFI's Board of Directors, an affiliate of Siris will acquire all the outstanding common stock of EFI for $37.00 per share in cash.
However, given that at least one analyst has set the high target price for NASDAQ: EFII shares at $44.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: EFII stockholders. More specifically, the investigation concerns whether the Electronics for Imaging Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Electronics for Imaging, Inc. reported that its annual Total Revenue rose from $993.26 million in 2017 to over $1.01 billion in 2018.
Shares of Electronics for Imaging, Inc. (NASDAQ: EFII) closed on April 18, 2019 at $37.51 per share.
Those who are current investors in Electronics for Imaging, Inc. (NASDAQ: EFII) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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