An investigation on behalf of investors of Rally Software Development Corp (NYSE:RALY) in connection with the proposed takeover was announced and NYSE:RALY stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 06/08/2015 --An investigation on behalf of investors, who currently hold shares of Rally Software Development Corp (NYSE:RALY), was announced concerning whether the takeover of Rally Software Development Corp. by CA Technologies for $19.50 per share is unfair to NYSE:RALY stockholders.

Investors who purchased shares of Rally Software Development Corp (NYSE:RALY) and currently hold any of those NYSE:RALY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Rally Software Development Corp breached their fiduciary duties owed to NYSE:RALY investors in connection with the proposed acquisition.

On May 27, 2015, CA Technologies (NASDAQ: CA) announced it has signed an agreement to acquire Rally Software Development Corp. (NYSE: RALY) for $19.50 per share, which equates to approximately $480 million, net of cash acquired.

However, given that at least one analyst has set the high target price for NYSE:RALY shares at $24.00 per share, the investigation concerns whether the offer is unfair to NYSE:RALY stockholders. More specifically, the investigation concerns whether the Rally Software Development 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 June 5, 2015, NYSE:RALY shares closed at $19.42 per share.

Those who are current investors in Rally Software Development Corp (NYSE:RALY) 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