MERGER UPDATE: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Web.com Group, Inc. to Siris Capital Group, LLC is Fair to Shareholders
NEW YORK, Aug. 06, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Web.com Group, Inc. (“Web.com” or the “Company”) (NASDAQGS: WEB) stock prior to June 21, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Web.com to an affiliate of Siris Capital Group, LLC for $28.00 per share. This updated purchase price follows receipt of a superior proposal from a financial bidder, Sirius agreeing to match following negotiations, and approval by the board of directors of an amended and restated merger agreement. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Web.com merger investigation concerns whether the Board of Web.com breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Siris Capital Group, LLC is underpaying for Web.com shares, thus unlawfully harming Web.com shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph E. Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com