NYSE:MULE Investor Alert: Investigation of Takeover of MuleSoft, Inc. by Salesforce
An investigation on behalf of investors of MuleSoft, Inc. (NYSE: MULE) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWire) -- 03/28/2018 --The takeover of MuleSoft, Inc is under investigation over possible wrongdoing.
Investors who purchased shares of MuleSoft, Inc. (NYSE: MULE) and currently hold any of those NYSE: MULE shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of MuleSoft, Inc. breached their fiduciary duties owed to NYSE: MULE investors in connection with the proposed acquisition.
On March 20, 2018, Salesforce (NYSE: CRM) and MuleSoft (NYSE: MULE) announced that they have entered into an agreement under which Salesforce will acquire MuleSoft for an enterprise value of approximately $6.5 billion. Under the terms of the transaction, the MuleSoft acquisition consideration will be composed of $36.00 in cash and 0.0711 shares of Salesforce common stock per MuleSoft Class A and Class B common share, which represents a per share price for MuleSoft common shares of $44.89 based on the closing price of Salesforce common stock on March 19, 2018.
However, the investigation concerns whether the offer is unfair to NYSE: MULE stockholders. More specifically, the investigation concerns whether the MuleSoft 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 March 27, 2018, NYSE: MULE shares closed at $43.79 per share.
Those who are current investors in MuleSoft, Inc. (NYSE: MULE) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
Media Relations Contact
View this press release online at: http://rwire.com/956026