An investigation on behalf of investors of LinkedIn Corp (NYSE:LNKD) in connection with the proposed takeover was announced and NYSE:LNKD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/20/2016 -- An investigation on behalf of investors, who currently hold NYSE:LNKD shares, was announced concerning whether the takeover of LinkedIn. by Microsoft Corp for $196 per share is unfair.
Investors who purchased shares of LinkedIn Corp (NYSE:LNKD) and currently hold any of those NYSE:LNKD shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of LinkedIn Corp breached their fiduciary duties owed to NYSE:LNKD investors in connection with the proposed acquisition.
On June 13, 2016, Microsoft Corp. and LinkedIn Corporation announced they have entered into an agreement under which Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion.
However, given that at least one analyst has set the high target price for NYSE:LNKD shares at $20.00 per share and given that NYSE:LNKD shares reached in November 2015 in the open market as high as $252.87 per share, the investigation concerns whether the offer is unfair to NYSE:LNKD stockholders. More specifically, given that Reid Hoffman , chairman of the board, co-founder and controlling shareholder of LinkedIn , and Weiner both fully support this transaction, the investigation concerns whether the LinkedIn 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.
LinkedIn Corp reported that its annual Total Revenue rose from $972.31 million in 2012 to over $2.99 billion in 2015.
Shares of LinkedIn Corp (NYSE:LNKD) closed on June 16, 2016, at $191.33 per share.
Those who are current investors in LinkedIn Corp shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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