SHAREHOLDER ALERT - TIBCO SOFTWARE INC. MERGER INVESTIGATION: The Law Office of James C. Kelly Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of TIBCO Software Inc.
NEW YORK, Sept. 29, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors of TIBCO Software Inc. ("TIBCO" or the "Company") (NASDAQ: TIBX), concerning the proposed acquisition of TIBCO by Vista Equity Partners ("Vista"). Shareholders of TIBCO seeking more information about this acquisition are advised to contact James C. Kelly at 888.643.7517 or [email protected].
Under the terms of the definitive merger agreement, Vista will acquire all of the outstanding common shares of TIBCO for $24.00 in cash per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TIBCO for not acting in the Company's shareholders' best interests in connection with the sale process. Indeed, TIBCO shares were valued on the open market at $26.90 in the past year strongly indicating that the merger consideration is grossly unfair.
The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: [email protected]
SOURCE The Law Office of James C. Kelly
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