SAN DIEGO, Nov. 10, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of TubeMogul,
Inc. (NASDAQ: TUBE) breached their fiduciary duties in
connection with the proposed sale of the Company to Adobe Systems
Incorporated. TubeMogul designs, develops and markets software for
digital branding.
On November 10, 2016, TubeMogul
announced it had signed a definitive merger agreement with Adobe.
Under the terms of the agreement, Adobe will acquire all of the
outstanding shares of TubeMogul common stock for $14.00 per share in cash.
The investigation concerns whether the TubeMogul board failed to
satisfy their 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 TubeMogul
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration, especially given one Wall Street analyst
has a $17.00 price target on the
stock.
If you are a shareholder of TubeMogul and believe the
proposed buyout price is too low and you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, 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
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
Logo - http://photos.prnewswire.com/prnh/20160211/332409LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tubemogul-tube-alert-johnson--weaver-llp-launches-an-investigation-into-the-fairness-of-price-and-process-in-proposed-sale-of-tubemogul-inc-is-1400-a-fair-price-300360605.html
SOURCE Johnson & Weaver, LLP