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 ([email protected]) at 619-814-4471. If emailing, please include a phone number.
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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.
SOURCE Johnson Fistel, LLP