NEW YORK, April 3, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Worldpay, Inc. ("WP" or the "Company") (NYSE: WP) in connection with the proposed acquisition of the Company by Fidelity National Information Services, Inc. ("FIS") (NYSE: FIS). Under the terms of the acquisition agreement, shareholders will receive $11.00 in cash and 0.9287 shares of FIS for each WP share they own, representing consideration of $114.81 based on \ March 18 opening price of FIS stock.
If you own WP shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
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New York, NY 10036
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WeissLaw is investigating whether WP's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $134.00 per WP share, or approximately $20.00 above the per share consideration.
Additionally, the deal will enable FIS to leverage WP's "best-in-class capabilities serving [the] high-growth eCommerce industry" to enhance its own services and accelerate organic revenue.
Given these facts, WeissLaw is concentrating its investigation on whether WP's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
SOURCE WeissLaw LLP