NEW YORK, NY / ACCESSWIRE / October 19, 2018 / WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cambium Learning Group, Inc. ("ABCD" or the "Company") (ABCD) in connection with the proposed acquisition of the Company by Veritas Capital. Under the terms of the acquisition agreement, shareholders will receive $14.50 in cash for each ABCD share they own.
If you own ABCD shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
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WeissLaw is investigating whether ABCD's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company reported net revenue of $77.6 million for the six-month period ended June 30, 2018. This represents an increase of approximately $1.3 million year-over-year when compared to the $76.3 million reported for the same period of the previous year.
Given these facts, WeissLaw is concentrating its investigation on whether ABCD's Board conducted a fair process in agreeing to the proposed acquisition, and whether the proposed acquisition undervalues the Company.
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 email@example.com.
SOURCE: WeissLaw LLP