WILMINGTON, Del., Oct. 9, 2013 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of The Active Network, Inc. (NYSE:
ACTV)?
- Did you purchase any of your shares prior to September 30, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of The Active
Network, Inc. ("Active" or the "Company") (NYSE: ACTV) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Vista Equity Partners ("Vista") in a transaction valued at
approximately $1.05 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/the-active-network-inc-actv.
Under the terms of the agreement, public shareholders of Active
will receive $14.50 per share in cash
for each share of Active they own.
The investigation concerns whether Active's board of directors
failed to adequately shop the Company and obtain the best possible
value for Active's shareholders before entering into an agreement
with Vista.
If you own the common stock of Active and purchased your shares
before September 30, 2013, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth Rigrodsky or Gina
Serra at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530, by telephone at (888) 969-4242; by e-mail to
info@rigrodskylong.com, or at:
http://rigrodskylong.com/investigations/the-active-network-inc-actv.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth Rigrodsky
Gina Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.