SAN DIEGO, Aug. 3, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Sizmek Inc. (NASDAQ: SZMK) breached their fiduciary duties in connection with the proposed sale of the Company to Vector Capital.
Sizmek operates an online ad campaign management and distribution platform that provides online advertising services worldwide.
On August 3, 2016, Sizmek announced it had signed a definitive merger agreement with Vector. Under the terms of the agreement, Sizmek stockholders will receive $3.90 per share in cash.
The investigation concerns whether the Sizmek 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 Sizmek shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration; especially given that Sizmek has no long term debt and over $36 million in cash. The 52-week high for Sizmek stock is $7.74.
If you are a shareholder of Sizmek and believe (1) the proposed buyout price is too low or (2) the merger benefits management more than the shareholders, and (3) you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) 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