JACKSONVILLE, Fla. – A Web.com shareholder has accused the Jacksonville tech company of issuing a false and misleading statement ahead of a vote. Shareholders were to vote to decide if the company could be bought out for $2.24 billion.
The buyout was by Siris Capital Group, who said key details were left out that could have changed the purchase prices.
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The class action suit was filed Monday on behalf of all of Web.com's public shareholders.
Web.com previously made an agreement values at $28 per share with Siris affiliates.
Web.com has not commented.