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Dallas-based law firm Goldfarb Branham LLP has launched an investigation into Marlin Equity Partners buyout of Phoenix Technologies. The concern comes from Phoenix shareholders who worry that the per share payout. Shareholders are expected to be paid $3.85 for each share of Phoenix.
The investigation will be led by securities lawyer Hamilton Lindley.
“We are investigating the deal because it appears that the value of the Pheonix’s stock is greater than $3.85 per share offered and because at least one analyst believes the stock to be worth approximately $4 per share,” Lindley said. “Our class action lawsuit will seek to increase the value of the buyout and disclose more information – so shareholders can make an informed decision.
Goldfarb Branham LLP has extensive experience dealing with unfair buyouts across the country.
