An investigation on behalf of investors of Apptio, Inc. (NASDAQ: APTI) in connection with the proposed takeover was announced and NASDAQ: APTI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/26/2018 -- An investigation was announced concerning whether the takeover of Apptio, Inc. is unfair to NASDAQ: APTI stockholders.
Investors who purchased shares of Apptio, Inc. (NASDAQ: APTI) and currently hold any of those NASDAQ: APTI shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Apptio, Inc. breached their fiduciary duties owed to NASDAQ: APTI investors in connection with the proposed acquisition.
On November 11, 2018, Apptio, Inc. (NASDAQ: APTI) announced that it has entered into an agreement to be acquired by an affiliate of Vista Equity Partners. Under the terms of the agreement, Vista will acquire all outstanding shares of Apptio common stock for a total value of approximately $1.94 billion. Apptio shareholders will receive $38.00 in cash per share.
However, given that at least one analyst has set the high target price for NASDAQ: APTI shares at $40.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: APTI stockholders. More specifically, the investigation concerns whether the Apptio 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.
On November 23, 2018, NASDAQ: APTI shares closed at $38.00 per share.
Those who are current investors in Apptio, Inc. (NASDAQ: APTI) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.