PHILADELPHIA, March 13, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Boingo Wireless, Inc. (“Boingo” or “the Company”) (NASDAQ: WIFI) on behalf of the Company’s shareholders.
On March 1, 2021, Boingo announced that it had entered into an agreement to be acquired by Digital Colony Management, LLC (“Digital Colony”) at a price of $14.00 per share in cash. Following the closing of the proposed transaction, shares of Boingo’s common stock will no longer be publicly traded.
The investigation seeks to determine whether the proposed $14.00 per share is inadequate consideration for Boingo’s shareholders, and whether Boingo’s officers and/or directors breached their fiduciary duties in agreeing to sell the company to Digital Colony.
Boingo shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/boingo-wireless-inc/, for additional information about this investigation and their legal rights and options with respect to this proposed transaction.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
skaskela@kaskelalaw.com
www.kaskelalaw.com
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