San Diego, CA -- (SBWIRE) -- 05/24/2017 -- The Shareholders Foundation announces that an investor, who currently holds shares of Jive Software Inc (NASDAQ:JIVE), filed a lawsuit against the acquisition of Jive Software Inc. by ESW Capital, LLC, through its affiliate Wave Systems.

Investors who purchased shares of Jive Software Inc (NASDAQ:JIVE) and currently hold any of those NASDAQ:JIVE 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:JIVE stockholders by agreeing to sell Jive Software Inc cheaply via an unfair process to ESW Capital, LLC

On May 1, 2017, Jive Software Inc (NASDAQ:JIVE) announced that ESW Capital, LLC, through its affiliate Wave Systems, is acquiring Jive Software Inc (NASDAQ:JIVE) and that Jive will become a part of the Aurea family of companies. The transaction is valued at $462 million. Under the terms of the agreement, an affiliate of Aurea will commence a tender offer for all of the outstanding shares of Jive Software Inc (NASDAQ:JIVE) common stock for $5.25 in cash per share.

However, plaintiff claims that the proposed consideration NASDAQ:JIVE shareholders will receive is grossly inadequate and undervalues Jive Software Inc. In addition, the plaintiff alleges that the process is also unfair NASDAQ:JIVE stockholders. The plaintiff claims that the defendants agreed to preclusive deal protection devices, such as a $10 million termination fee and a no solicitation provision, that deter other bidders from making a superior offer for Jive Software Inc.

On May 23, 2017, NASDAQ:JIVE shares closed at $5.25 per share.

Those who purchased shares of Jive Software Inc 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