NEW YORK, Oct. 1, 2014 /PRNewswire/ -- The fairness of the
proposed acquisition of TIBCO Software Inc. ("TIBX" or the
"Company") by Equity Vista Partners ("Equity Vista") is the subject
of an examination by WeissLaw LLP, a national class action,
shareholder rights law firm. The examination is focusing on
possible breaches of fiduciary duty and other violations of law by
the Board of Directors of TIBX for agreeing to sell the Company to
Equity Vista. On September 29,
2014, the Company announced it had reached a definitive
agreement for Equity Vista to acquire all outstanding shares of
TIBX for $24 per share, for a total
value of approximately $4.3 billion,
including the assumption of net debt.
WeissLaw is investigating whether TIBX's Board acted to maximize
shareholder value prior to entering into the agreement with Equity
Vista. Notably, prior to the announcement of the deal, at
least one analyst set a price target for TIBX of $29.00 per share, or $5.00 above the price offered by Equity
Vista.
Given these facts, WeissLaw is investigating whether TIBX's
Board of Directors acted in the best interest ofd TIBX's public
shareholders by actively shopping the Company to maximize
shareholder value prior to entering into the agreement with Equity
Vista. If you own TIBX shares and would like more information
about your rights or our investigation, please contact Joshua Rubin or Kelly
Keenan either by telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
stockinfo@weisslawllp.com
SOURCE WeissLaw LLP