Friday, February 05, 2016 9:40:38 AM
BUYOUT OF LEAPFROG - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
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fyi....
New York, New York/February 5, 2016 - A leading national securities and shareholder rights law firm announces that it is investigating the acquisition of LeapFrog Enterprises Inc. on behalf of its shareholders. LeapFrog and V-Tech have entered into a merger agreement whereby shareholders of Leapfrog will receive only $1 per share in cash.
The investigation has determined that the offer price of only $1 per share unfairly undervalues the true going forward inherent value of Leapfrog and that shareholders are not receiving the maximum price possible for their shares. Indeed, the book value alone of LeapFrog is $2.11 per share, the company has no long term debt, analyst have put a price target for the stock of over $3.50 per share and the stock hit a high of over $2.50 per share within the past year. Further, the company has over $50 million in cash on its balance sheets. The investigation seeks to determine whether senior management may have engaged in selling the company for their own self interests and received personal benefits at shareholders expense.
If you are a shareholder of LeapFrog and would like additional information regarding this matter including having your shares eligible for a higher price at no cost or expense please contact us at 800.511.7037 or visit our website at tripplevy
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