NEW YORK, NY / ACCESSWIRE / December 18, 2019 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased LogMeIn, Inc. ("LogMeIn" or the "Company") (NASDAQ:LOGM) stock prior to December 17, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of LogMeIn to affiliates of Francisco Partners, a private equity firm, and Evergreen Coast Capital Corporation. Under the terms of the agreement, LogMeIn shareholders will receive $86.05 in cash for each share of LogMeIn's common stock they hold. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/logmein-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The LogMeIn merger investigation concerns whether the Board of LogMeIn breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Francisco Partners and Evergreen Coast Capital Corporation are underpaying for LogMeIn shares, thus unlawfully harming LogMeIn shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. 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, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP