NEW YORK, May 13, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Cbeyond, Inc. ("Cbeyond" or "the Company") (Nasdaq:CBEY) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Birch Communications, Inc. A complaint was filed in Delaware state court.
Click here to learn more about the action http://zlk.9nl.com/cbeyond-cbey, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Cbeyond shareholders will receive between $9.97 and $10.00 per share in cash for each share of Cbeyond stock they own; the exact amount will be determined after certain stock transactions occur. The claims concern whether the Cbeyond Board of directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Birch Communications, Inc. is underpaying for Cbeyond shares.
If you own Cbeyond common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cbeyond-cbey.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP