Under the terms of the offer, Rovi would acquire TiVo in a transaction valued at approximately $1.1 billion. Pursuant to the deal, TiVo stockholders will receive $10.70 per share in cash and stock. Rovi will pay $2.75 in cash, subject to a collar mechanism, and the remainder will be paid in shares of common stock of a holding company that will own both Rovi and TiVo.
Our investigation concerns whether the TiVo 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 TiVo 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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SOURCE Harwood Feffer LLP