|[April 21, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Cbeyond, Inc. over the Proposed Sale of the Company to Birch Communications, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Cbeyond (News - Alert), Inc. ("Cbeyond" or
the "Company") (NasdaqGS: CBEY) and other violations of state law by the
board of directors of Cbeyond relating to the proposed buyout of the
Company by Birch Communications, Inc. ("Birch").
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 firm's investigation seeks to determine, among othr
things, whether the Company's board of directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into this transaction, and whether Birch is
underpaying for Cbeyond shares.
If you currently own common stock of Cbeyond and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
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