NEW YORK, June 27, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased WageWorks, Inc. (“WageWorks” or the “Company”) (NYSE: WAGE) stock prior to June 27, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of WageWorks to HealthEquity, Inc. (“HealthEquity”) (NASDAQGS: HQY). Under the terms of the deal, HealthEquity will acquire all of the issued and outstanding shares of common stock of WageWorks for $51.35 per share in cash. To learn more about the action and your rights, go to:

https://www.zlk.com/mna/wageworks-inc-2

 or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The WageWorks merger investigation concerns whether the Board of WageWorks breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether HealthEquity is underpaying for WageWorks shares, thus unlawfully harming WageWorks shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com