PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating LogMeIn, Inc. (NASDAQ: LOGM) on behalf of the company’s stockholders.
On December 17, 2019, LogMeIn announced that it had entered into an agreement to be acquired by affiliates of private equity firm Francisco Partners at a price of $86.05 per share in cash. Following the closing of the proposed transaction, LogMeIn will cease to be a publicly traded company.
The investigation seeks to determine whether LogMeIn shareholders are expected to receive sufficient consideration from Francisco Partners for their shares, and whether LogMeIn’s officers and/or directors violated the securities laws or breached their fiduciary duties in connection with the sale of LogMeIn.
Investors who purchased shares of LogMeIn’s common stock prior to December 17, 2019 are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585 to discuss this investigation and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/logmein-inc/.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.