SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Cbeyond, Inc. (NASDAQ:CBEY) breached their fiduciary duties in connection with the proposed $323 million buyout of the company by Birch Communications, Inc. Cbeyond provides technologies and services to small and mid-sized businesses in the United States.
If you are a Cbeyond shareholder and would like additional information, please contact Johnson & Weaver’s lead analyst Jim Baker at firstname.lastname@example.org or 619-814-4471.
On April 21, 2014, Cbeyond and Birch entered into a merger agreement. Under the terms of the transaction, Cbeyond stockholders will receive between $9.97 and $10.00 per share in cash. The exact amount will be determined after employee stock options are calculated.
Johnson & Weaver, a nationally recognized shareholder rights firm, is investigating whether Cbeyond’s board of directors agreed to sell the company for an inadequate price. The firm is also investigating whether the company’s directors adequately considered alternatives to the proposed merger, including continuing on as an independent company or pursuing a deal with another company.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. 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.