An investigation on behalf of investors of Marketo Inc (NASDAQ:MKTO) in connection with the proposed takeover was announced and NASDAQ:MKTO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/06/2016 -- The takeover of San Mateo, CA based Marketo Inc is under investigation over possible wrongdoing. The investigation was announced for investors, who currently hold NASDAQ:MKTO shares , concerning whether the takeover of Marketo Inc by Vista Equity Partners for $55.00 per share is unfair.
Investors who purchased shares of Marketo Inc (NASDAQ:MKTO) and currently hold any of those NASDAQ:MKTO shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Marketo Inc breached their fiduciary duties owed to NASDAQ:MKTO investors in connection with the proposed acquisition.
On May 31, 2016, Marketo Inc announced that it has entered into an agreement to be acquired by private equity firm Vista Equity Partners. Under the terms of the proposed transaction Marketo Inc (NASDAQ:MKTO) shareholders will receive $35.25 in cash per share.
However, given that at least one analyst has set the high target price for NASDAQ:MKTO shares at $55.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:MKTO stockholders. More specifically, the investigation concerns whether the Marketo Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Marketo Inc reported that its annual Total Revenue rose from $58.41 million in 212 to $209.87 million in 2015. Shares of Marketo Inc (NASDAQ:MKTO) reached as high as $42.68 per share in early 2014.
On June 3, 2016, NASDAQ:MKTO shares closed at $35.22 per share.
Those who are current investors in Marketo Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego