The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Ariba ...
22 Mai 2012 - 10:18PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Ariba Inc. (“Ariba” or the “Company”) (Nasdaq: ARBA) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to SAP AG (NYSE: SAP).
Under the terms of the transaction, Ariba shareholders will receive
$45 per share of Ariba stock they own. The transaction has a total
approximate value of $4.3 billion.
Click here to learn how to join the action:
http://zlk.9nl.com/ariba-arba, or call: 877-363-5972. There is no
cost or obligation to you.
The investigation concerns whether the Ariba Board of Directors
breached their fiduciary duties to Ariba stockholders by failing to
adequately shop the Company before entering into this transaction
and whether SAP AG is underpaying for Ariba shares, thus unlawfully
harming Ariba stockholders. In particular, at least one analyst set
a price target for Ariba stock at $50.00 per share.
If you own common stock in Ariba 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 http://zlk.9nl.com/ariba-arba.
Levi & Korsinsky is a national firm with offices in New York
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.
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