Electronics for Imaging, Inc.
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ELECTRONICS FOR IMAGING (EFII) MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF THE ELECTRONICS FOR IMAGING, INC. IS FAIR TO SHAREHOLDERS – EFII
April 23, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the sale of Electronics for Imaging, Inc. (“Electronics for Imaging” or the “Company”) (NASDAQ: EFII) to an affiliate of Siris Capital Group LLC (“Siris”) is fair to Electronics for Imaging shareholders.
On April 17, 2019, Citigroup set a target price for Electronics For Imaging at $44.00 per share, or over 18% higher than Siris’s offer price of $37.00 per share. The investigation concerns whether Electronics for Imaging and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Electronics for Imaging shareholders; (2) determine whether Siris is underpaying for Electronics for Imaging; and (3) disclose all material information necessary for Electronics for Imaging shareholders to adequately assess and value the merger consideration.
On behalf of Electronics for Imaging shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represent investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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