SAN DIEGO, May 18, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Tangoe, Inc. (Other OTC: TNGO) breached their fiduciary duties in connection with the proposed sale of the Company to Marlin Equity Partners.
On April 28, 2017, Tangoe announced it had signed a definitive merger agreement with Marlin. Under the terms of the agreement, Tangoe stockholders will receive $6.50 in cash,
The investigation concerns whether the Board of Tangoe breached their fiduciary duties to shareholders and whether Marlin is underpaying for the Company. The transaction would result in a loss for many Tangoe shareholders. The price being paid by Marlin is below an analyst price target of $8.00 per share.
If you are a shareholder of Tangoe 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 attorney Scott Holleman (ScottH@johnsonandweaver.com) at 917-325-3798. If you email, please include your phone number.
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
Scott Holleman, 917-325-3798
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tangoe-alert-jw-investigates-proposed-sale-of-tangoe-inc-is-650-a-fair-price-300460002.html
SOURCE Johnson & Weaver, LLP