WEISSLAW LLP Investigates Verifone Systems Inc. Acquisition

NEW YORK, April 11, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Verifone Systems Inc. ("PAY" or the "Company") (NYSE: PAY) in connection with the proposed acquisition of the Company by Francisco Partners (the "Partners").  Under the terms of the acquisition agreement, the Company's shareholders will receive $23.04 in cash for each PAY share they own.

WeissLaw is investigating whether PAY's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $32.00 per share, or nearly $9.00 more than the offer price. 

Given these facts, WeissLaw is investigating whether PAY's Board acted in the best interests of PAY's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own PAY shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.  

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.comor fill out the form on our website, http://www.weisslawllp.com/verifone-systems-inc/

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SOURCE WeissLaw LLP