Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of LeapFrog Enterprises, Inc. (NYSE:LF) investors concerning the proposed acquisition of the company by VTech Holdings Limited.
The investigation concerns whether the company’s board of directors violated their fiduciary duties by failing to maximize stockholder value. Under terms of the definitive agreement, LeapFrog stockholders will receive approximately $1 in cash for each share of LeapFrog stock they own.
However, the proposed offer price falls well below the $3.50 per share high price target set by analysts and below LeapFrog’s 52-week trading high of $2.68 per share. LeapFrog common stock has traded at above the proposed offer price as recently as October 19, 2015.
If you purchased LeapFrog securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.
J. Brandon Walker, Esq., 212-355-4648