SAN DIEGO, April 15, 2019 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Electronics for Imaging,
Inc. (NASDAQ: EFII) ("Electronics for Imaging") breached their
fiduciary duties in connection with the proposed sale of the
Company to Siris Capital Group LLC.
On April 15, 2019, Electronics for
Imaging announced that it had signed a definitive merger agreement
with Siris Capital. Under the terms of the merger agreement, Siris
Capital will acquire all of the outstanding shares of Electronics
for Imaging in an all-cash transaction. Electronics for Imaging
shareholders will receive $37.00 per
share in cash.
The investigation concerns whether the Electronics for Imaging
board failed to satisfy its duties to the Company shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Electronics for Imaging shares of common stock.
If you are a shareholder of Electronics for Imaging
and believe the proposed buyout price is too low or you're
interested in learning more about the investigation or your legal
rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a
phone number.
Additionally, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/electronics-for-imaging-efii-alert-johnson-fistel-investigates-proposed-sale-of-electronics-for-imaging-inc-are-shareholders-getting-a-fair-deal-300832041.html
SOURCE Johnson Fistel, LLP