Levi & Korsinsky is investigating the Board of Directors of EasyLink Services International Corporation (“EasyLink” or the “Company”) (NASDAQ: ESIC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to OpenText Corporation (“OpenText”) (TSX: OTC.TO). Under the terms of the agreement, OpenText will acquire all outstanding shares of EasyLink for $7.25 per share for a total transaction value of approximately $232 million..
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The investigation concerns whether the EasyLink Board of Directors breached their fiduciary duties to EasyLink stockholders by failing to adequately shop the Company before entering into this transaction and whether OpenText is underpaying for EasyLink shares, thus unlawfully harming EasyLink stockholders. In particular, at least market analyst set a target price for EasyLink stock at $8.00 per share.
If you own common stock in EasyLink and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171