CBEYOND, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del.--()--Rigrodsky & Long, P.A.:

  • Do you own shares of Cbeyond, Inc. (NASDAQ GS: CBEY)?
  • Did you purchase any of your shares prior to April 21, 2014?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cbeyond, Inc. (“Cbeyond” or the “Company”) (NASDAQ GS: CBEY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Birch Communications, Inc. (“Birch”), in a transaction valued at approximately $323 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.

Under the terms of the agreement, public shareholders of Cbeyond will receive between $9.97 and $10.00 per share in cash for each share of Cbeyond they own. The exact amount will be determined based on stock transactions relating to previously granted stock awards to employees that occur after execution of the definitive agreement.

The investigation concerns whether Cbeyond’s board of directors failed to adequately shop the Company and obtain the best possible value for Cbeyond’s shareholders before entering into an agreement with Birch.

If you own the common stock of Cbeyond’s and purchased your shares before April 21, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com

Release Summary

CBEYOND, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

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Contacts

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com