BALA CYNWYD, Pa., May 2, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TiVo, Inc. ("TiVo" or "the Company") (Nasdaq- TIVO-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Rovi Corporation ("Rovi").
Click here to learn more about the investigation http://brodsky-smith.com/1067-tivo-tivo-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, TiVo shareholders will receive only $10.70 in cash and stock for each share of TiVo stock they own. 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. The investigation concerns whether the Board of TiVo breached their fiduciary duties to shareholders and whether Rovi is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many TiVo shareholders. For example, TiVo stock traded at $11.56 per share on March 15, 2015 and an analyst has set an $18.00 per share price target for TiVo stock.
If you own shares of TiVo 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/1067-tivo-tivo-inc.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