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Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of EasyLink Services Corp. (“EasyLink” or the “Company”) (NASDAQ: ESIC), concerning the proposed acquisition of the Company by Open Text Corp. Under the terms of the transaction, EasyLink shareholders would receive $7.25 per share in cash, in a deal worth approximately $310 million.
The Company has performed well recently. Between December 15, 2011 and the announcement of the deal, ESIC shares rose 64.8%, from $3.86 to $6.36. At least one analyst has set a target price of $8.00 for the Company’s shares.
The investigation is focused on the potential unfairness of the consideration to EasyLink shareholders, the process by which the Company’s Board of Directors considered the transaction, and potential conflicts of interests among EasyLink’s Board members.
If you are interested in discussing your rights as an EasyLink shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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