CBEYOND INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Cbeyond (CBEY) Over the Proposed Sale of the Company to Birch Communications
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cbeyond, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cbeyond, Inc. (“Cbeyond” or the “Company”) (Nasdaq: CBEY) for potential breaches of fiduciary duties in connection with the sale of the Company to Birch Communications Inc. for approximately $323 million. The Company’s stockholders will receive between $9.97 and $10 for each share of Cbeyond common stock they own.
The investigation focuses on whether Cbeyond’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Cbeyond’s shareholders.
If you own common stock in Cbeyond and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.