& Long, P.A. announces a complaint alleging breaches of
fiduciary duty and other violations of law has been filed in the
Delaware Court of Chancery against the board of directors of Cbeyond,
Inc. ("Cbeyond" or the "Company") (NASDAQ GS: CBEY)
in connection with 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 complaint alleges that 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, and would like to learn more about these
allegations, 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 email@example.com,
or at: http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.
& 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.
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