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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

FIVE9 ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of FIVN and Encourages Investors ...

July 20, 2021 GMT

NEW YORK, July 20, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Five9, Inc. (NASDAQ: FIVN) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Zoom Video Communications, Inc. (NASDAQ: ZM).

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On July 18, 2021, Five9 announced that it had entered into an agreement to merge with Zoom in a deal valued at $14.7 billion. Pursuant to the merger agreement, Five9 stockholders will receive 0.5533 shares of Zoom common stock for each share of Five9 common stock owned. The deal is scheduled to close in the first half of 2022.

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Bragar Eagel & Squire is concerned that Five9’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Five9’s stockholders.

If you own shares of Five9 and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at  investigations@bespc.com  or telephone at (646) 860-9157, or by  filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com