Faruqi & Faruqi, LLP Announces Investigation of Ariba Inc.
24 Mai 2012 - 1:05AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Ariba Inc. (“Ariba” or the “Company”) (NASDAQ: ARBA)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to SAP AG (NYSE: SAP) in
an all-cash deal valued at about $4.3 billion. Under the terms of
the proposed transaction, Ariba’s stockholders will receive $45.00
in cash for each share of Ariba’s common stock they own, while
according to Yahoo! Finance, at least one financial analyst has set
a price target of $50.00 for Ariba.
Request more information now by clicking here:
www.faruqilaw.com/ARBA. There is no cost or obligation to you.
Whether Ariba’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Ariba’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of Ariba’s shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Ariba and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ARBA or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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