NEW YORK, Oct. 15, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased SendGrid, Inc. (“SendGrid” or the “Company”) (NYSE: SEND) stock prior to October 15, 2018.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SendGrid to Twilio (NYSE: TWLO). Under the terms of the transaction, SendGrid shareholders will receive 0.485 shares of Twilio Class A common stock for each share of SendGrid stock they own. Based on the closing price of Twilio stock on October 15, 2018, this represents a value of approximately $36.92 per share. To learn more about the action and your rights, go to:

https://www.zlk.com/mna/sendgrid-merger

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The SendGrid merger investigation concerns whether the Board of SendGrid breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Twilio is underpaying for SendGrid shares, thus unlawfully harming SendGrid 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
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com