MILWAUKEE, Nov. 11, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Carbonite (Nasdaq: CARB) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale of Carbonite to OpenText.
Click here to learn how to join the action:
http://ademilaw.com/case/carbonite-inc or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Carbonite's financial outlook
is improving and yet shareholders will receive only $23 with an enterprise value of approximately
$1.42 billion. The merger agreement
unreasonably limits competing bids for Carbonite by prohibiting
solicitation of further bids, and imposing a termination penalty if
Carbonite accepts a superior bid. Carbonite insiders will receive
millions of dollars as part of change of control arrangements. We
are investigating the conduct of Carbonite's board of directors,
and whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
Carbonite.
If you own common stock in Carbonite and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/carbonite-inc.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP