SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of SendGrid, Inc. Merger
WILMINGTON, Del.--(BUSINESS WIRE)--Dec 18, 2018--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (the “Board”) of SendGrid, Inc. (“SendGrid” or the “Company”) (NYSE: SEND ) related to the Company’s entry into an agreement to merge with Twilio Inc. (“Twilio”) (NYSE: TWLO ) in a transaction announced on October 15, 2018 (the “Proposed Transaction”).
On October 15, 2018, the Board caused SendGrid to enter into an agreement and plan of merger (the “Merger Agreement”) with Twilio. Pursuant to the terms of the Merger Agreement, shareholders of SendGrid will receive 0.485 shares of Twilio Class A common stock for each share of SendGrid common stock.
On November 21, 2018, Twilio filed a Form S-4 Registration Statement (“Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which recommends that SendGrid’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Registration Statement, including whether the Registration Statement omits material information with respect to the Proposed Transaction.
If you own common stock of SendGrid and purchased any shares before October 15, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at email@example.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
Attorney advertising. Prior results do not guarantee a similar outcome.
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CONTACT: Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: (302) 654-7530
KEYWORD: UNITED STATES NORTH AMERICA DELAWARE NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Rigrodsky & Long, P.A.
Copyright Business Wire 2018.
PUB: 12/18/2018 12:50 PM/DISC: 12/18/2018 12:50 PM