Energy News / Shareholders Foundation, Inc.

WageWorks, Inc. (NYSE:WAGE) Investor Alert: Investigation over Potential Wrongdoing in Acquisition Announced

Via: ReleaseWire

Updated 11:15 AM CDT, Wed, July 24,2019

An investigation on behalf of investors of WageWorks, Inc. (NYSE: WAGE) in connection with the proposed takeover was announced and NYSE: WAGE stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 07/24/2019 -- An investigation was announced concerning whether the takeover of WageWorks, Inc. is unfair to NYSE: WAGE stockholders.

Investors who purchased shares of WageWorks, Inc. (NYSE: WAGE) and currently hold any of those NYSE: WAGE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of WageWorks, Inc. breached their fiduciary duties owed to NYSE: WAGE investors in connection with the proposed acquisition.

On June 27, 2019, HealthEquity, Inc.(NASDAQ: HQY) and WageWorks, Inc., (NYSE: WAGE) ("WageWorks") announced that they have entered into an agreement under which HealthEquity will acquire all of the issued and outstanding shares of common stock of WageWorks for $51.35 per share in cash, representing a total enterprise value of approximately $2 billion.

However, given that at least one analyst has set the high target price for NYSE: WAGE shares at $82.00 per share, the investigation concerns whether the offer is unfair to NYSE: WAGE stockholders. More specifically, the investigation concerns whether the WageWorks 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.

Shares of WageWorks, Inc. (NYSE: WAGE) closed on July 23, 2019, at $51.02 per share.

Those who are current investors in WageWorks, Inc. (NYSE: WAGE) shares have certain options and should contact the Shareholders Foundation.

Contact:
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
mail@shareholdersfoundation.com

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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/wageworks-inc-nysewage-investor-alert-investigation-over-potential-wrongdoing-in-acquisition-announced-1249436.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com