An investigation on behalf of investors in Apigee Corp (formerly NASDAQ:APIC) shares over potential wrongdoing at Apigee Corp was announced and NASDAQ:APIC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/23/2017 -- An investigation was announced investors in shares of Apigee Corp (formerly NASDAQ:APIC) concerning possible breaches of fiduciary duties at Apigee Corp.
Investors who purchased shares of Apigee Corp (NASDAQ:APIC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Apigee regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 24, 2015, Apigee's stock traded as high as $20.50, the same day Apigee Corp sold 5.1 million shares of stock in its initial public stock offering (the "IPO"), raising $87 million in new capital.
On September 9, 2015, Apigee Corp announced its fourth quarter results. Apigee Corp reported that its Total Revenue rose from $52.70 million for the 12 months period that ended on July 31, 2014 to $68.61 million for the 12 months period that ended on July 31, 2015 and that its Net Loss for those respective time periods declined from $60.79 million to $50.35 million.
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.
Those who purchased shares of Apigee Corp (NASDAQ:APIC) 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