BORDERFREE SHAREHOLDER ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Borderfree, Inc. and Encourages Investors to Contact the Firm for Additional Information

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SAN DIEGO--(BUSINESS WIRE)--

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Borderfree, Inc. BRDR breached their fiduciary duties in connection with the proposed sale of the Company to Pitney Bowes Inc.

Additional Information:

Borderfree provides cross-border ecommerce solutions. The company operates a proprietary technology and services platform that enables retailers in the United States to transact with consumers in approximately 100 countries and territories worldwide.

On May 5, 2015, Borderfree announced it had signed a definitive merger agreement with Pitney Bowes. Under the terms of the agreement, Pitney Bowes will acquire all outstanding shares of Borderfree for $14.00 per share.

The investigation concerns whether Borderfree's board failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration. Especially given that on March 21, 2014, Borderfree's stock traded as high as $21.25, the same day the Company sold 5 million shares of stock in its initial public stock offering (the "IPO"), raising $80 million in new capital.

If you are a shareholder of Borderfree and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, 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 http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

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Posted In: Press Releases
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