NEW YORK, June 27, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of WageWorks,
Inc. ("WageWorks" or the "Company") (NYSE: WAGE) in connection with
the proposed acquisition of the Company by HealthEquity Inc.
("HealthEquity") (NASDAQ: HQY). Under the terms of the
agreement, WageWorks shareholders will receive $51.35 in cash for each WAGE share they
own.
If you own WAGE 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/wageworks-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether WageWork's Board acted to
maximize shareholder value prior to entering into the acquisition
agreement. Notably, at least one analyst set a target price
of $82.00 per HIVE share, or
$30.65 above the per share offer
price.
Moreover, the deal is a strategic transaction from which
HealthEquity hopes to leverage WageWork's access to the rapidly
growing health savings account market to accelerate its own growth
in the industry.
WeissLaw is investigating whether WageWorks' 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
