Pervasive Software Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Actian Corp.
29 Janvier 2013 - 5:56PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Pervasive Software, Inc.
(“Pervasive” or “PVSW”) (NASDAQ: PVSW) to Actian Corporation. Under
the proposed transaction valued at $161.9 million, Pervasive
shareholders will only receive $9.20 in cash per share of PVSW
stock owned.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to the determination of the fairness of the
proposed transaction, contact Zach Groover at Powers Taylor, LLP,
toll free (877) 728-9607, via e-mail at zach@powerstaylor.com or
Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or
via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or
fee to you.
The investigation centers on whether Pervasive shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Pervasive stock, and whether
Pervasive’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “due to the total sale
price, the recent performance of the company, and other factors, we
believe that the transaction may undervalue Pervasive stock. Our
lawsuit will seek to obtain the highest share price for all
shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Pervasive Software Inc. (MM) (NASDAQ:PVSW)
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