(NUAN): Johnson Fistel Investigates Proposed Sale of Nuance Communications; Are Shareholders Getting a Fair Deal?
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Nuance Communications, Inc. (“Nuance” or the “Company”) (NASDAQ: NUAN) breached their fiduciary duties in connection with the proposed sale of the Company to Microsoft Corp (NASDAQ: MSFT).
On April 12, 2021, Nuance announced that it had entered into a definitive merger agreement with Microsoft. Under the terms of the deal, Nuance stockholders will receive $56.00 per share in cash for each share of Nuance common stock they own.
The investigation concerns whether the Nuance board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Nuance shares of common stock.
Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts’ projections for future earnings and revenue growth; also, one Wall Street analyst has a $65.00 price target on the stock.
If you are a shareholder of Nuance and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
This article was shared with Prittle Prattle News as a Press Release.
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