An investigation on behalf of investors, who currently hold shares of Electronics for Imaging, Inc. (NASDAQ: EFII), was announced concerning whether the takeover of Electronics for Imaging, Inc. is unfair to NASDAQ: EFII stockholders.

The investigation by a law firm concerns whether certain officers and directors of Electronics for Imaging, Inc. breached their fiduciary duties owed to NASDAQ: EFII investors in connection with the proposed acquisition.

Fremont, CA based Electronics for Imaging, Inc. provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. ON April 15, 2019, Electronics For Imaging, Inc. (Nasdaq: EFII) announced that it has entered into an agreement to be acquired by an affiliate of Siris Capital Group, LLC in an all-cash transaction valued at approximately $1.7 billion. Under the terms of the Agreement, which has been unanimously approved by EFIs Board of Directors, an affiliate of Siris will acquire all the outstanding common stock of EFI for $37.00 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ: EFII shares at $44.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: EFII stockholders. More specifically, the investigation concerns whether the Electronics for Imaging Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Electronics for Imaging, Inc. reported that its annual Total Revenue rose from $993.26 million in 2017 to over $1.01 billion in 2018.

Shares of Electronics for Imaging, Inc. (NASDAQ: EFII) closed on April 18, 2019 at $37.51 per share.