Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Pervasive Software Inc. Shareholders
30 Janvier 2013 - 8:29PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Pervasive Software Inc. (“Pervasive” or
the “Company”) (PVSW) related to the proposed acquisition of the
Company by Actian Corp. (“Actian”). Under the terms of the
agreement, Actian will acquire all of the outstanding common stock
of Pervasive for $9.20 per share in cash, valuing the Company at
approximately $161.9 million.
The investigation concerns whether the Pervasive Board of
Directors violated its fiduciary duties by agreeing to this
transaction and whether the proposed $9.20 per share consideration
adequately values Pervasive common shares. The offer price
represents a mere 2% premium to the price of shares on January 25,
2012, the trading day before the transaction was announced.
If you are a Pervasive shareholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email
at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888)
529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Pervasive Software Inc. (MM) (NASDAQ:PVSW)
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