Law firm investigates Constant Contact sale

Rigrodsky & Long, a law firm with offices in Wilmington and Garden City, N.Y., is seeking owners of Constant Contact stock bought prior to Nov.2 for a possible legal claims over the sale of Constant Contact to Endurance International Group Holdings.

The firm is questioning the Constant Contact board of directors in connection with the agreement to be acquired. Under that agreement, valued at approximately $1.1 billion, Constant Contact shareholders will receive $32 in cash per share.

The investigation concerns whether Constant Contact’s board of directors failed to adequately shop the company and obtain the best possible value for shareholders before entering into an agreement with Endurance International.  The law firm said at least one analyst issued a price target of $50 for the stock.

Those who bought Constant Contact stock prior to Nov. 2 and would like to learn more about the claims, may contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, call them at 888- 969-4242, or email info@rl-legal.com.