SAN DIEGO, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of LiveVox Holdings, Inc. ("LiveVox") (NASDAQ: LVOX) breached their fiduciary duties in connection with the proposed sale of the Company to NICE Systems.
You can click or copy and paste the following link to join this investigation:
https://www.johnsonfistel.com/investigations/livevox-holdings-inc
On October 4, 2023, LiveVox announced that it had entered a deal to merge with NICE Systems. Under the terms of the deal, LiveVox shareholders will receive $3.74 per share in an all-cash offer. The transaction is anticipated to conclude within the first half of 2024.
Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one analyst's price target is currently $4.50 and analysts' projections for future earnings and revenue growth.
The investigation concerns whether the LiveVox 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 LiveVox shares of common stock.
If you are a shareholder of LiveVox 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.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. 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.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
