NEW YORK, Oct. 1, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of The Active
Network, Inc. ("Active" or the "Company") (NYSE: ACTV) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Vista Equity
Partners.
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Click here to learn more about the investigation
http://zlk.9nl.com/active-network-actv/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Active shareholders will
receive $14.50 for each share of
Active stock they own. The transaction has a total approximate
value of $1.05 billion. The
investigation concerns whether the Active Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Vista Equity Partners is underpaying for
Active shares.
If you own Active common stock and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/active-network-actv/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. 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 Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP