LogMeIn (LOGM)

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LogMeIn Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
December 17, 2019
Tags: United States LogMeIn Francisco Evergreen Corporate Affairs Mergers & Acquisitions

A group of LogMeIn, Inc. shareholders are attempting to block the $4.3 billion purchase of the company by private equity firms Francisco Partners and Evergreen Coast Capital Corporation.. Under terms of the definitive merger agreement, Francisco and Evergreen will acquire the outstanding shares for $86.05 per share.

The shareholders allege that the purchase price of $86.05 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of LogMeIn obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.
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LogMeIn investor relations did not immediately respond to requests for a comment.

To contact the law firm on behalf of shareholders of LogMeIn for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at [e-mail]

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