The Lin Law Firm Announces Investigation Of Buyout Offer For Easy Link Services International Corporation
LOS ANGELES, May 4, 2012 /PRNewswire/ -- The Lin Law Firm, A Professional Law Corporation ( www.thelinlawfirm.com) is investigating potential claims against the Board of Directors of EasyLink Services International Corporation ("EasyLink" or the "Company") (NASDAQ: ESIC) related to the proposed buyout of the Company by OpenText.
On May 1, 2012, EasyLink announced that it had entered into a definitive agreement and plan of merger with OpenText Corporation. Under the terms of the agreement, OpenText will acquire all of the outstanding common stock of EasyLink for $7.25 per share in cash. The Lin Law Firm is investigating whether the Board of Directors of EasyLink breached their fiduciary duty to shareholders by failing to adequately shop the Company before entering into the proposed transaction, acted in shareholders' best interests, and undertook a fair process to obtain maximum value and adequately compensate shareholders. Easy Link recently announced its best third quarter adjusted earnings per share and cash from operations.
If you own shares of EasyLink and would like to learn more about these claims, or if you wish to discuss these matters and have any questions concerning this announcement or your rights, please contact Elizabeth Lin, Esq., The Lin Law Firm, by telephone at (909) 595-5522 or toll-free at (866) 864-3898, by email to elizabethL@thelinlawfirm.com, or visit www.thelinlawfirm.com/contact/.
The Lin Law Firm, A Professional Law Corporation, is a litigation law firm dedicated to representing investors nationwide in securities matters and protecting investors against corporate wrongdoing. For additional information, please visit www.thelinlawfirm.com.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. SOURCE The Lin Law Firm, A Professional Law Corporation
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