SHAREHOLDER ALERT: Weiss Law I
NEW YORK, May 26, 2022 /PRNewswire/ — Weiss’ law investigation of possible breaches of fiduciary duty and other violations of law by the board of directors of Limelight Networks, Inc. (“Limelight” or the “Company”) (NASDAQ: LLNW), in connection with the proposed transaction with Edgecast, Inc. (“Edgecast”), a business unit of Yahoo. Upon completion of the transaction, Yahoo will receive approximately 72.2 million shares of Limelight common stock. In addition, current Limelight shareholders will own approximately 68.1% of the combined company, or approximately 64.5% assuming Limelight achieves all share price targets under the quid pro quo agreement. conditionally, while Yahoo will hold around 31.9% or 35.5%, respectively. The all-stock transaction is valued at approximately $300 million.
If you own limelight actions and wish to discuss this survey or have questions about this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7e Floor
New YorkNY 10007
Weiss Law is investigating whether (i) Limelight’s board of directors acted in the best interests of the company’s shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sale process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of shareholder class and derivative actions for breach of corporate and fiduciary duties. We’ve recovered over $1 billion for defrauded customers and won significant corporate governance relief in many of those cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer rights (including false advertising, defective products or other deceptive marketing practices), or anti-trust violations, please email us at [email protected]
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