Kaskela Law LLC announces that it is investigating Benefitfocus, Inc. (NASDAQ: BNFT) on behalf of the company’s investors.
On November 1, 2022, Benefitfocus announced that it had agreed to be acquired by Voya Financial, Inc. (“Voya”). According to the announcement, Benefitfocus’s stockholders are expected to be cashed out of their investment position at a price of $10.50 per share in cash, a price that is approximately 20% lower than BNFT’s 52-week high value.
The investigation seeks to determine whether Benefitfocus’s officers and/or directors failed to maximize the buyout price for Benefitfocus’s stockholders, or otherwise breached their fiduciary duties in agreeing to sell the company to Voya.
Benefitfocus shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.