An investigation on behalf of investors of Lifelock Inc (NYSE:LOCK) in connection with the proposed takeover was announced and NYSE:LOCK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/02/2016 -- The acquisition of Lifelock Inc is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NYSE:LOCK shares o concerning whether the takeover of Lifelock Inc by Symantec Corp for $24.00 per share is unfair.
Investors who purchased shares of Lifelock Inc (NYSE:LOCK) and currently hold any of those NYSE:LOCK shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Lifelock Inc breached their fiduciary duties owed to NYSE:LOCK investors in connection with the proposed acquisition.
On November 20, 2016, Symantec Corp. and Lifelock Inc announced that they have entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value.
However, the investigation concerns whether the offer is unfair to NYSE:LOCK stockholders. More specifically, the investigation concerns whether the Lifelock 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 December 1, 2016, NYSE:LOCK shares closed at $23.89 per share.
Those who are current investors in Lifelock Inc 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