Law Office of Brodsky & Smith, LLC Announces Investigation of Ariba, Inc.
26 Mayo 2012 - 11:30AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Ariba, Inc (“Ariba” or the “Company”) (Nasdaq: ARBA) relating to
the proposed acquisition by SAP AG. (“SAP”).
Under the terms of the transaction, Ariba shareholders would
receive only $45.00 in cash for each share of Ariba stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Ariba
for not acting in the Company’s shareholders' best interests in
connection with the sale process to SAP. For example, the
transaction is below an analyst price target of $50.00 per
share.
If you own shares of Ariba stock and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/429-nasdaq-ariba-inc.html, or by calling
toll free 877-LEGAL-90.
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