SAN DIEGO, May 31, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Marketo, Inc. (NASDAQ: MKTO) breached their fiduciary duties in connection with the proposed sale of the Company to Vista Equity Partners.
Marketo provides cloud-based engagement marketing software platform that enables organizations to engage in engagement marketing in the United States, Ireland, Australia, Israel, Japan and the United Kingdom.
On May 31, 2016, Marketo announced it had signed a definitive merger agreement with Vista Equity. Under the terms of the agreement Marketo shareholders will receive $35.25 in cash for each share of common stock.
The investigation concerns whether the Marketo board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Marketo shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given one Wall Street analyst has a $55.00 price target on the stock.
If you are a shareholder of Marketo and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP