A lawsuit was filed for investors in shares of Imprivata Inc (NYSE:IMPR) in connection with the proposed takeover was announced and NYSE:IMPR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/30/2016 -- An investor who currently holds shares of Imprivata Inc (NYSE:IMPR), filed a lawsuit in effort to halt the proposed takeover of Imprivata Inc. by Thoma Bravo, LLC for $19.25 per share.
Investors who purchased shares of Imprivata Inc (NYSE:IMPR) and currently hold any of those NYSE:IMPR 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 NYSE:IMPR stockholders by agreeing to sell Imprivata Inc too cheaply via an unfair process to an affiliate of Thoma Bravo, LLC.
On July 13, 2016, Imprivata Inc (NYSE:IMPR) announced that it has entered into an agreement to be acquired by an affiliate of private equity investment firm Thoma Bravo, LLC. Under the terms of the agreement, shareholders of record of Imprivata Inc (NYSE:IMPR) will receive $19.25 in cash per share of Imprivata common stock.
However, plaintiff claims that the proposed consideration NYSE:IMPR shareholders will receive is grossly inadequate and undervalues Imprivata Inc. In addition, the plaintiff alleges that the process is also unfair to NYSE:IMPR. stockholders.
Shares of Imprivata Inc (NYSE:IMPR) closed on August 29, 2016 at $19.18 per share.
Those who are current investors in Imprivata Inc 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