San Diego, CA -- (SBWIRE) -- 08/11/2017 -- The Shareholders Foundation announces that an investor, who currently holds shares of ARI Network Services, Inc. (NASDAQ:ARIS), filed a lawsuit in effort to halt the proposed takeover of ARI Network Services, Inc. by an affiliate of True Wind Capital Management, LLC.

Investors who purchased shares of ARI Network Services, Inc. (NASDAQ:ARIS) and currently hold any of those NASDAQ:ARIS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:ARIS stockholders by agreeing to sell ARI Network Services, Inc. cheaply via an unfair process.

On June 21, 2017, ARI Network Services, Inc. (NASDAQ:ARIS) has entered into an agreement to be acquired by an affiliate of San Francisco-based private equity firm True Wind Capital Management, LLC. Under the terms of the agreement, ARI Network Services, Inc. (NASDAQ:ARIS) shareholders will receive $7.10 in cash for each share of NASDAQ:ARIS common stock they own.

However, plaintiff claims that the proposed consideration NASDAQ:ARIS shareholders will receive with True Wind Capital Management's offer is grossly inadequate and undervalues ARI Network Services, Inc. In addition, the plaintiff alleges that the process is also unfair NASDAQ:ARIS stockholders.

Shares of ARI Network Services, Inc. (NASDAQ:ARIS) closed on August 10, 2017 at $7.06 per share.

Those who are current investors in ARI Network Services, Inc. (NASDAQ:ARIS) 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