MILWAUKEE, Nov. 11, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Carbonite (Nasdaq: CARB) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Carbonite to OpenText.

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

Ademi & O'Reilly, LLP alleges Carbonite's financial outlook is improving and yet shareholders will receive only $23 with an enterprise value of approximately $1.42 billion. The merger agreement unreasonably limits competing bids for Carbonite by prohibiting solicitation of further bids, and imposing a termination penalty if Carbonite accepts a superior bid. Carbonite insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Carbonite'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 Carbonite.

If you own common stock in Carbonite and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/carbonite-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 & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-carbonite-inc-has-obtained-a-fair-price-in-its-sale-to-the-opentexttm-300955577.html

SOURCE Ademi & O'Reilly, LLP