TIBCO SHAREHOLDERS NOTICE: Johnson & Weaver, LLP Investigates the Fairness of Price & Process in Proposed Sale of TIBCO Softw...
09 Outubro 2014 - 7:43AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether members of the board of directors of TIBCO
Software Inc. (NASDAQ: TIBX) breached their fiduciary duties in
connection with the planned sale of the Company to Vista Equity
Partners. TIBCO provides infrastructure and business intelligence
software worldwide.
On September 29, 2014, Vista Equity Partners entered into a
definitive merger agreement to buy TIBCO. Under the terms of the
agreement, stockholders will receive $24.00 per share in cash. The
transaction is valued at approximately $4.3 billion.
The investigation concerns whether TIBCO’s board members failed
to satisfy their duties to the Company’s shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for the Company’s shares of common stock. Last year the stock
traded as high as $27.15.
If you are a shareholder of TIBCO and believe the proposed
buyout price is too low or you’re interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker (jimb@johnsonandweaver.com) at
619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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