NEW YORK, Dec. 2, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Slack Technologies, Inc. ("Slack" or the "Company") (NYSE: WORK) in connection with the proposed acquisition of the Company by salesforce.com, inc. ("Salesforce") (NYSE: CRM). Under the terms of the merger agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each share of Slack common stock that they own, representing implied per-share merger consideration of $45.51 based upon Salesforce's December 1, 2020 closing price of $241.35.
If you own Slack shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
http://www.weisslawllp.com/Slack/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw is investigating whether Slack's board acted in the best interest of Slack's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition of the Company, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
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