An investigation on behalf of investors of Monotype Imaging Holdings Inc. (NASDAQ: TYPE) in connection with the proposed takeover was announced and NASDAQ: TYPE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/30/2019 -- The takeover of Monotype Imaging Holdings Inc. is under investigation concerning whether it is unfair to NASDAQ: TYPE stockholders.
Investors who purchased shares of Monotype Imaging Holdings Inc. (NASDAQ: TYPE) and currently hold any of those NASDAQ: TYPE shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Monotype Imaging Holdings Inc. breached their fiduciary duties owed to NASDAQ: TYPE investors in connection with the proposed acquisition.
Woburn, MA based Monotype Imaging Holdings Inc. develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. On July 26, 2019, Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced that it has entered into a definitive agreement under which HGGC, a leading middle market private equity firm, will acquire all outstanding shares of Monotype common stock for $19.85 per share in cash, representing an aggregate equity value of approximately $825 million.
However, given that at least one analyst has set the high target price for NASDAQ: TYPE shares at $23.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: TYPE stockholders. More specifically, the investigation concerns whether the Monotype Imaging Holdings 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.
On July 29, 2019, NASDAQ: TYPE shares closed at $19.89 per share.
Those who are current investors in Monotype Imaging Holdings Inc. (NASDAQ: TYPE) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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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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