Rigrodsky & Long, P.A. Announces Investigation Of Pervasive Software Inc. Buyout
29 Janvier 2013 - 7:01PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Pervasive
Software Inc. (NASDAQ GM: PVSW)?
- Did you purchase any of your shares
prior to January 28, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Pervasive
Software Inc. (“Pervasive” or the “Company”) (NASDAQ GM: PVSW)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by an affiliate of Actian Corporation (“Actian”), in
a transaction valued at approximately $161.9 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/pervasive-software-inc-pvsw-buyout.
Under the terms of the proposal, public shareholders of
Pervasive will receive $9.20 per share in cash for each share of
Pervasive they own.
The investigation concerns whether Pervasive’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Pervasive shareholders before entering into an
agreement with Actian.
If you own the common stock of Pervasive and purchased your
shares before January 28, 2013, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/pervasive-software-inc-pvsw-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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