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SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Verifone Systems, Inc. – PAY

ACCESSWIRE

By Brodsky & Smith, LLC

BALA CYNWYD, PA / ACCESSWIRE / April 16, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Verifone Systems, Inc. (“Verifone” or “the Company”) (NYSE: PAY News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Francisco Partners (“Francisco”).

Click here to learn more http://www.brodskysmith.com/cases/verifone-systems-inc-nyse-pay/, or call 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Verifone shareholders will receive only $23.04 in cash for each share of Verifone stock they own. The investigation concerns whether the Board of Verifone breached their fiduciary duties to shareholders and whether Francisco is underpaying for the Company. The transaction may undervalue the Company and will result in a loss for many Verifone shareholders. Verifone stock has traded at $38.17 per share and an analyst has set a $26.00 per share price target for the stock.

If you own shares of Verifone stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/verifone-systems-inc-nyse-pay/, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 496250