WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Lionbridge Technologies, Inc. (NASDAQ GS: LIOX)?
- Did you purchase any of your shares prior to December 12, 2016?
- 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 Lionbridge Technologies, Inc. (“Lionbridge” or the “Company”) (NASDAQ GS: LIOX) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm, in a transaction valued at approximately $360 million.
Click here to learn more: http://rigrodskylong.com/investigations/lionbridge-technologies-inc-liox.
Under the terms of the agreement, shareholders of Lionbridge will receive $5.75 in cash for each share of Lionbridge common stock.
The investigation concerns whether Lionbridge’s board of directors failed to adequately shop the Company and obtain the best possible value for Lionbridge shareholders before entering into an agreement with H.I.G.
If you own the common stock of Lionbridge and purchased your shares before December 12, 2016, 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, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/lionbridge-technologies-inc-liox.
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.
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