Under the terms of the transaction, Apigee shareholders will receive only $17.40 in cash for each share of Apigee stock they own. The investigation concerns whether the Board of Apigee breached their fiduciary duties to shareholders and whether Google is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain for many Apigee shareholders. For example, the premium being paid to Apigee shareholders is below the premium paid in comparable transactions and represents no real increase above the Company's recent initial public offering price. In addition an analyst has set a $19.00 per share price target for Apigee stock.
If you own shares of Apigee stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1117-apic-apigee-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Brodsky & Smith, LLC