MILWAUKEE, Nov. 8, 2021 /PRNewswire/ -- Ademi LLP is investigating Zix (NASDAQ: ZIXI), for possible breaches of fiduciary duty and other violations of law in its transaction with OpenText.
Click here to learn how to join the action: https://www.ademilaw.com/case/zix-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Zix's financial outlook and prospects are excellent and yet Zix shareholders will receive only $8.50 per share in cash, representing an enterprise value of $860 million. The merger agreement unreasonably limits competing bids for Zix by prohibiting solicitation of further bids, and imposing a significant penalty if Zix accepts a superior bid. Zix insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Zix'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 Zix.
If you own Zix common stock and wish to obtain additional information, please contact Guri Ademi either at email@example.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/zix-corporation.
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.
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-ademi-llp-investigates-whether-zix-corporation-has-obtained-a-fair-price-in-its-transaction-with-opentext-301418788.html
SOURCE Ademi LLP