Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Lumos Networks Corp (NASDAQ: LMOS) acted responsibly on behalf of investors’ profitability in the planned sale to EQT Infrastructure.

On February 20, 2017, Lumos Networks Corp (NASDAQ: LMOS) and EQT Infrastructure announced that they had entered into a merger agreement. Under the terms of the merger agreement, EQT will offer Lumos shareholders $18 per share in cash for all outstanding shares.    

Based in Waynesboro, Virginia, and founded in 2011 Lumos Networks Corp through its subsidiaries, provides fiber-based bandwidth infrastructure and service in the Mid-Atlantic region.

The investigation is looking to uncover whether Lumos Networks Corp was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $21.00 per share.

If you purchased Lumos Networks Corp (NASDAQ: LMOS) prior to February 20, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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