BOINGO ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of WIFI and Encourages Investors to Contact the Firm

On March 1, 2021, Boingo announced that it had signed an agreement to be acquired by Digital Colony for approximately $854 million.

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GlobeNewswire, Inc.

Retrieved on:

Monday, March 1, 2021

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Tags:

Stock market, Corporate finance, Finance, Money, Corporations, Boingo, Security, Stock, Mergers and acquisitions, Derivative

Geotags:

NEW YORK, Us, CALIFORNIA

Organisation:

BRAGAR EAGEL & SQUIRE

Summary

Key Points:

On March 1, 2021, Boingo announced that it had signed an agreement to be acquired by Digital Colony for approximately $854 million.
Pursuant to the merger agreement, Boingo stockholders will receive $14 in cash for each share of Boingo common stock owned.
Bragar Eagel & Squire is concerned that Boingos board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Boingo Wireless, Inc. (NASDAQ: WIFI) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by an affiliate of Digital Colony Management, LLC.

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On March 1, 2021, Boingo announced that it had signed an agreement to be acquired by Digital Colony for approximately $854 million. Pursuant to the merger agreement, Boingo stockholders will receive $14 in cash for each share of Boingo common stock owned. The deal is scheduled to close in the second quarter of 2021.

Bragar Eagel & Squire is concerned that Boingo’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Boingo’s stockholders.

If you own shares of Boingo and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com