San Diego, CA -- (SBWIRE) -- 09/14/2016 -- The acquisition of Apigee Corp is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NASDAQ:APIC shares , concerning whether the takeover of Apigee Corp by Google for $19.00 per share is unfair to NASDAQ:APIC stockholders.

Investors who purchased shares of Apigee Corp (NASDAQ:APIC) and currently hold any of those NASDAQ:APIC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Apigee Corp breached their fiduciary duties owed to NASDAQ:APIC investors in connection with the proposed acquisition.

On September 8, 2016, Apigee Corp (NASDAQ:APIC) announced that Apigee Corp has entered into an agreement under which Google will acquire Apigee for $17.40 per share in cash, for a total value of approximately $625 million.

However, given that at least one analyst has set the high target price for NASDAQW:APIC shares at $19.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:APIC stockholders. More specifically, the investigation concerns whether the Apigee 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.

Shares of Apigee Corp (NASDAQ:APIC) closed on September 13, 2016 at $ 17.44 per share.

Those who are current investors in Apigee Corp shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com