An investigation on behalf of investors of Yahoo! Inc. (NASDAQ:YHOO) in connection with the proposed takeover was announced and NASDAQ:YHOO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/18/2016 -- An investigation on behalf of investors, who currently hold shares of Yahoo! Inc, was announced concerning whether the takeover of Yahoo! Inc. by Verizon Communications Inc is unfair to NASDAQ:YHOO stockholders.
Investors who purchased shares of Yahoo! Inc. (NASDAQ:YHOO) and currently hold any of those NASDAQ:YHOO 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 directors of Yahoo! Inc. breached their fiduciary duties owed to NASDAQ:YHOO investors in connection with the proposed acquisition.
On July 25, 2016, Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) announced they have entered into an agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.
However, given that at least one analyst has set the high target price for NASDAQ:YHOO shares at $50.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:YHOO stockholders. More specifically, the investigation concerns whether the Yahoo! Inc. 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.
On August 17, 2016, NASDAQ:YHOO shares closed at $42.70 per share.
Those who are current investors in Yahoo! Inc. shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego