Home / Top News / SINA CORPORATION ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of SINA and Encourages Investors to Contact the Firm

SINA CORPORATION ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of SINA and Encourages Investors to Contact the Firm

NEW YORK, Sept. 28, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of SINA Corporation (NASDAQ: SINA) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with New Wave Holdings Limited.

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On September 28, 2020, SINA announced that it had signed an agreement to be acquired by New Wave for approximately $2.59 billion. Pursuant to the merger agreement, SINA stockholders will receive $43.30 in cash for each share of SINA common stock owned. The deal is scheduled to close in the first quarter of 2021.

Bragar Eagel & Squire is concerned that SINA’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 SINA’s stockholders.

If you own shares of SINA 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 [email protected] 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 and California. 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.
[email protected]
www.bespc.com

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