Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Ariba Inc. (NASDAQ: ARBA) arising from its agreement for Ariba to be acquired by a subsidiary of SAP AG (NYSE: SAP). Under the proposed merger agreement, shareholders will receive $45.00 in cash per Ariba share. The transaction is expected to close during the third quarter of 2012.

Weiss & Lurie is investigating whether Ariba’s Board acted in the best interests of shareholders in approving this deal and whether SAP is underpaying for Ariba shares. As part of the deal, insiders have secured special benefits for themselves – for example, upon consummation of the deal, Ariba’s existing management team will continue to lead Ariba, which will operate as an independent business under the name “Ariba, an SAP company.” Moreover, the SAP Executive Board intends to nominate Ariba’s CEO, Bob Calderoni, to the SAP Global Managing Board after the close of the transaction. Furthermore, an analyst has set a target price for Ariba stock at $50.00 per share.

If you own Ariba shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin, Esq. either by telephone at (888) 593-4771 or by email at info@weisslurie.com.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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