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SHAREHOLDER ALERT: WeissLaw LLP Investigates Bottomline Technologies, Inc.

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NEW YORK, Dec. 17, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bottomline Technologies, Inc. ("Bottomline" or the "Company") (NASDAQ: EPAY), in connection with the proposed acquisition of the Company by Thoma Bravo. Under the terms of the merger agreement, the Company's shareholders will receive $57.00 in cash for each share of Bottomline common stock that they hold. The all-cash transaction is valued at approximately $2.6 billion.

(PRNewsfoto/WeissLaw LLP)
(PRNewsfoto/WeissLaw LLP)

If you own Bottomline shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/epay
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw LLP is investigating whether (i) Bottomline's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $57.00 per-share merger consideration adequately compensates Bottomline's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $60 per share, $3.00 above the per-share merger consideration.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

Cision
Cision

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SOURCE WeissLaw LLP