SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces
Investigation into Possible Breaches of Fiduciary Duty by the Board
of Pervasive Software Inc. in Connection with the Sale of the
Company to Actian Corporation
NEW YORK, Jan. 31, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Pervasive
Software, Inc. ("Pervasive" or the "Company") (Nasdaq: PVSW) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Actian
Corporation.
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Click here to learn more about the investigation:
http://zlk.9nl.com/pervasive-software/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Pervasive shareholders will
receive $9.20 for each share of
Pervasive stock they own, for a total approximate transactional
value of $161.9 million. The
investigation concerns whether the Pervasive Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Actian is underpaying for Pervasive shares, thus
unlawfully harming Pervasive stockholders.
If you own common stock in Pervasive and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/pervasive-software/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, and Washington D.C. The firm
has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys
at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact
any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP