Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether LogMeIn, Inc. has obtained a Fair Price in its sale to affiliates of Francisco Partners and Evergreen Coast Capital

MILWAUKEE, Dec. 17, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating LogMeIn, Inc. (NASDAQ: LOGM) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of LogMeIn to affiliates of Francisco Partners and Evergreen Coast Capital.

Click here to learn how to join the action: http://ademilaw.com/case/logmein-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges LogMeIn's financial outlook is improving and yet shareholders will receive only $86.05 per share. The all-cash transaction values LogMeIn at an aggregate equity valuation of approximately $4.3 billion. The merger agreement unreasonably limits competing bids for LogMeIn by prohibiting solicitation of further bids, and imposing a termination penalty if LogMeIn accepts a superior bid. LogMeIn insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of LogMeIn's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for LogMeIn.

If you own common stock in LogMeIn and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/logmein-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi & O'Reilly, LLP