Bragar Eagel & Squire, P.C. Is Investigating the Board of Directors of LeapFrog Enterprises, Inc. (LF) on Behalf of Stockhold...
09 Febbraio 2016 - 12:19AM
Business Wire
Bragar Eagel & Squire, P.C. is investigating potential
claims on behalf of LeapFrog Enterprises, Inc. (NYSE:LF) investors
concerning the proposed acquisition of the company by VTech
Holdings Limited.
The investigation concerns whether the company’s board of
directors violated their fiduciary duties by failing to maximize
stockholder value. Under terms of the definitive agreement,
LeapFrog stockholders will receive approximately $1 in cash for
each share of LeapFrog stock they own.
However, the proposed offer price falls well below the $3.50 per
share high price target set by analysts and below LeapFrog’s
52-week trading high of $2.68 per share. LeapFrog common stock has
traded at above the proposed offer price as recently as October 19,
2015.
If you purchased LeapFrog securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters please contact J. Brandon Walker, Esq. by
email at investigations@bespc.com, or telephone at (212) 355-4648,
or by filling out this contact form. There is no cost or obligation
to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm
concentrating in commercial and securities litigation. For
additional information, please go to www.bespc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208006423/en/
Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq.,
212-355-4648investigations@bespc.com
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