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Symbol U : ESIC
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Law Office of Brodsky & Smith, LLC Announces Investigation of EasyLink Services International Corporation

2012-05-12 12:30 ET - News Release

BALA CYNWYD, Pa. -- (Business Wire)

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of EasyLink Services International Corporation. (“EasyLink” or the “Company”) (Nasdaq: ESIC) relating to the proposed acquisition by OpenText Corporation (“OpenText”).

Under the terms of the transaction, EasyLink shareholders would receive only $7.25 in cash for each share of EasyLink stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of EasyLink for not acting in the Company’s shareholders' best interests in connection with the sale process to OpenText. The transaction may undervalue EasyLink as an analyst has set a price target for EasyLink stock at $8.00 per share. In addition, EasyLink reported operating results for the Second quarter of fiscal year 2012 that represented substantial increases over 2011 results.

If you own shares of EasyLink stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/424-esic-easylink-services-international-corporation.html, or by calling toll free 877-LEGAL-90.


Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire

Source: Brodsky & Smith, LLC

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