MILWAUKEE, Sept. 14, 2023 /PRNewswire/ -- Ademi LLP is investigating PFSweb PFSW for possible breaches of fiduciary duty and other violations of law in its transaction with GXO.
Click here to learn how to join the action https://www.ademilaw.com/case/pfsweb-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, PFSweb stockholders are expected to receive only $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb's cash balance of $39 million at June 30, 2023. The transaction agreement unreasonably limits competing transactions for PFSweb by imposing a significant penalty if PFSweb accepts a competing bid. PFSweb insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of PFSweb's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own PFSweb common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/pfsweb-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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