NEW YORK, July 26, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Monotype
Imaging Holdings Inc. ("Monotype Imaging Holdings" or the
"Company") (NASDAQ: TYPE) in connection with the proposed
acquisition of the Company by private equity firm HGGC, LLC
("HGGC"). Under the terms of the acquisition agreement,
Monotype Imaging Holdings shareholders will receive $19.85 per share in cash.
If you own TYPE shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/monotype-imaging-holdings-inc/
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WeissLaw is investigating whether Monotype Imaging
Holdings' Board acted to maximize shareholder value prior to
entering into the acquisition agreement. Notably, Monotype
Imaging Holdings reported a 5% increase in revenue year over year
for 2018. The Company also beat estimates in three of the
last four quarters. In the second quarter of 2019, Monotype
Imaging Holdings reported revenue growth of 4%, a net income of
$10.3 million, and a net-adjusted
EBITDA increase of 24%.
Given these facts, WeissLaw is concentrating its investigation
on whether the acquisition enhances shareholder value.
Specifically, WeissLaw is concerned whether Monotype Imaging
Holdings' Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP
