Shareholder Alert: Ademi LLP investigates whether Bottomline Technologies, Inc. has obtained a Fair Price in its transaction with Thoma Bravo.
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MILWAUKEE, Dec. 17, 2021 /PRNewswire/ -- Ademi LLP is investigating Bottomline (Nasdaq: EPAY) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.

Click here to learn how to join the action: https://www.ademilaw.com/case/bottomline-technologies-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges Bottomline's financial outlook and prospects are excellent and yet Bottomline shareholders will receive only $57.00 per share in cash in a transaction that values Bottomline at approximately $2.6 billion. The merger agreement unreasonably limits competing bids for Bottomline by prohibiting solicitation of further bids, and imposing a significant penalty if Bottomline accepts a superior bid. Bottomline insiders will receive substantial benefits as part of change of control arrangements.

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We are investigating the conduct of Bottomline's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Bottomline.

If you own Bottomline common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/bottomline-technologies-inc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP
Filed Under: Business

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