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MILWAUKEE--(BUSINESS WIRE)--Nov 25, 2024--
Ademi LLP is investigating Brightcove (NASDAQ: BCOV) for possible breaches of fiduciary duty and other violations of law in its transaction with Bending Spoons .
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, the stockholders of Brightcove will receive only $4.45 per share in cash for each share of Brightcove common stock in an all-cash transaction valued at approximately $233 million.
The transaction agreement unreasonably limits competing transactions for Brightcove by imposing a significant penalty if Brightcove accepts a competing bid. Brightcove insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Brightcove’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241125148894/en/
CONTACT: Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Ademi LLP
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PUB: 11/25/2024 08:36 AM/DISC: 11/25/2024 08:36 AM
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