SAN DIEGO, June 14, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Rightside Group, Ltd. (NASDAQ: NAME) breached their fiduciary duties in connection with the proposed sale of the Company to Donuts Inc. Rightside provides domain name registration and related value-added services to resellers and domain name registrants in the United States, Ireland, Canada, Australia, and the Cayman Islands.
On June 14, 2017, Rightside announced they have entered into a definitive merger agreement, in which Donuts will acquire Rightside. Under terms of the deal, Donuts will acquire Rightside for $10.60 per share in cash.
The investigation concerns whether the Rightside board failed to satisfy their 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 Rightside shares of common stock. Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given that the price target for one Wall Street analyst is $11.50 per share and Rightside has over $80 million in cash and no long-term debt.
If you are a shareholder of Rightside and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, 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 http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP