SAN DIEGO, June 10, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Tableau Software, Inc. (NYSE: DATA) ("Tableau") breached their fiduciary duties in connection with the proposed sale of the Company to Salesforce (NYSE: CRM).
On June 10, 2019, Tableau announced that it had signed a definitive merger agreement with Salesforce. Under the terms of the merger agreement, Tableau shareholders will get 1.103 Salesforce shares, valuing the offer at $177.88 per share based on Salesforce Friday closing price. However, shareholders will be subject to the future price fluctuation of Salesforce stock price.
The investigation concerns whether the Tableau board failed to satisfy its 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 Tableau shares of common stock.
If you are a shareholder of Tableau 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 (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, 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 https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
SOURCE Johnson Fistel, LLP