NEW YORK, Feb. 11, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Saba Software, Inc. ("Saba" or the "Company") (OTC: SABA) concerning the proposed acquisition of the Company by Vector Capital ("Vector").
Under the terms of the transaction, Vector would purchase Saba in a transaction valued at approximately $268 million. Saba shareholders would receive $9.00 in cash.
Our investigation concerns whether the Saba board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Saba shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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