Shareholder Alert: Ademi LLP investigates whether Sumo Logic Inc. has obtained a Fair Price in its transaction with Francisco Partners
MILWAUKEE, Feb. 9, 2023 /PRNewswire/ -- Ademi LLP is investigating Sumo Logic (NASDAQ: SUMO) for possible breaches of fiduciary duty and other violations of law in its transaction with Francisco Partners.
Click here to learn how to join the action https://www.ademilaw.com/case/sumo-logic-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Sumo Logic's financial outlook and prospects are excellent and yet Sumo Logic shareholders will receive only $12.05 per share, or an aggregate equity valuation of approximately $1.7 billion. The transaction agreement unreasonably limits competing bids for Sumo Logic by imposing a significant penalty if Sumo Logic accepts a superior bid. Sumo Logic insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Sumo Logic's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Sumo Logic.
If you own Sumo Logic 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/sumo-logic-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
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SOURCE Ademi LLP
