An investigation on behalf of investors of Web.com 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 Web.com Group, Inc. is unfair to NASDAQ: WEB stockholders.
Investors who purchased shares of Web.com Group, Inc. (NASDAQ: WEB) and currently hold any of those NASDAQ: WEB 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 directors of Web.com Group, Inc. breached their fiduciary duties owed to NASDAQ: WEB investors in connection with the proposed acquisition.
Web.com Group, Inc. provides a range of Internet services to small businesses in North America, South America, and the United Kingdom. On June 21, 2018, Web.com 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 Web.com 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 Web.com 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 Web.com Group, Inc. (NASDAQ: WEB) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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