Energy News / Shareholders Foundation, Inc.

NASDAQ:WEB Investor Alert: Investigation of Takeover of Group, Inc

Via: ReleaseWire

Updated 11:15 AM CDT, Wed, June 27,2018

An investigation on behalf of investors of Group, Inc. (NASDAQ: WEB) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 06/27/2018 -- An investigation was announced concerning whether the takeover of Group, Inc. is unfair to NASDAQ: WEB stockholders.

Investors who purchased shares of Group, Inc. (NASDAQ: WEB) and currently hold any of those NASDAQ: WEB shares have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of Group, Inc. breached their fiduciary duties owed to NASDAQ: WEB investors in connection with the proposed acquisition. Group, Inc. provides a range of Internet services to small businesses in North America, South America, and the United Kingdom. On June 21, 2018, Group, Inc. (NASDAQ:WEB) 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 $2 billion.

Under the terms of the agreement, an affiliate of Siris will acquire all of the outstanding common stock of for $25.00 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ: WEB shares at $32.00 per share, the investigation concerns whether the offer is unfair to (NASDAQ: WEB stockholders. More specifically, the investigation concerns whether the Group 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.

Those who are current investors in Group, Inc. (NASDAQ: WEB) shares have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

For more information on this press release visit:

Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels