SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Pervasive Software Inc. in Connection with the Proposed Sale of the Company to Actian Corporation
NEW YORK, Aug. 20, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Pervasive Software, Inc. ("Pervasive" or the "Company") (Nasdaq: PVSW) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Actian Corporation.
Under the terms of the proposed transaction, Pervasive shareholders would receive $8.50 for each share of Pervasive stock they own, for a total approximate transactional value of $154 million. The investigation concerns whether the Pervasive Board of Directors is acting in shareholders' best interests and whether the proposed consideration would be fair and adequate.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com