San Diego, CA -- (SBWire) -- 12/04/2017 --An investigation was announced for investors in shares of Bazaarvoice Inc (NASDAQ:BV), over whether the takeover of Bazaarvoice Inc. by entities affiliated with Marlin Equity Partners for $5.50 per share is unfair.
Investors in shares of Bazaarvoice Inc (NASDAQ:BV) 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 directors of Bazaarvoice Inc breached their fiduciary duties owed to NASDAQ:BV investors in connection with the proposed acquisition.
On November 27, 2017, Bazaarvoice, Inc. (Nasdaq:BV) announced that it has entered into a definitive agreement to be acquired by entities affiliated with the global investment firm, Marlin Equity Partners.
Under the terms of the agreement, Marlin Equity Partners will acquire each share of outstanding common stock of Bazaarvoice Inc (NASDAQ:BV) in exchange for $5.50 in cash for a total value of approximately $521 million.
However, given that at least one analyst has set the high target price fro NASDAQ:BV shares at $7.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:BV stockholders. More specifically, the investigation concerns whether the Bazaarvoice 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.
Bazaarvoice Inc reported that its Total Revenue rose from $199.77 million for the 12 months period that ended on April 30, 2016 to $201.24 million for the 12 months period that ended on April 30, 2017 and that its Net Loss over those time periods declined from $25.34 million to $15.94 million.
Shares of Bazaarvoice Inc (NASDAQ:BV) reached in 2013 as high as $11.36 per share.
Those who are current investors in Bazaarvoice Inc (NASDAQ:BV) 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
NASDAQ:BV Investor Alert: Investigation over Potential Wrongdoing in Acquisition of Bazaarvoice Inc
An investigation on behalf of investors of Bazaarvoice Inc (NASDAQ:BV) in connection with the proposed takeover was announced and NASDAQ:BV stockholders should contact the Shareholders Foundation.