Digital Printing Co. Sued Over $1.7B Buyout's Terms
Law360 (June 14, 2019, 9:10 PM EDT) -- Shareholders in Electronics for Imaging Inc. filed suit Thursday in Delaware federal court claiming the company’s planned sale to an affiliate of private equity firm Siris Capital Group is based on information that's missing key data, which shareholders need to make an informed decision on the $1.7 billion deal.
The digital printing company's proxy statement fails to disclose all the factors that went into indicators like operating income, net income, earnings before interest and tax, depreciation and amortization, which is conventionally viewed as a standard measurement of a company’s operating performance.
Investors need to be careful of earnings calculated through “non-Generally...
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