An investigation on behalf of investors of Sapient Corporation (NASDAQ:SAPE) in connection with the proposed takeover was announced and NASDAQ:SAPE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/11/2014 -- An investigation on behalf of investors, who currently hold shares of Sapient Corporation (NASDAQ:SAPE), was announced concerning whether the takeover of Sapient Corporation by Publicis Groupe for $25.00 per share is unfair to NASDAQ:SAPE stockholders.
Investors who purchased shares of Sapient Corporation (NASDAQ:SAPE) and currently hold any of those NASDAQ:SAPE shares have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Sapient Corporation breached their fiduciary duties owed to NASDAQ:SAPE investors in connection with the proposed acquisition.
On November 3, 2014, Publicis Group and Sapient Corporation (NASDAQ:SAPE)announced that they have entered into an agreement under which Publicis Groupe will acquire Sapient Corporation in an all-cash transaction for $25.00 per share.
However, given that in connection with the tender offer,Jerry A. Greenberg, J. Stuart Moore, and Alan J. Herrick have already entered into a tender and support agreement with Publicis Groupe pursuant to which they have agreed to tender an aggregate of approximately 18% of Sapient's outstanding shares in the offe, the investigation concerns whether the offer is unfair to NASDAQ:SAPE stockholders. More specifically, the investigation concerns whether the Sapient 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.
Sapient Corporation reported that its annual Total Revenue rose from over $1.16 billion in 2012 to over $1.3 billion in 2013 and that its respective Net Income increased from $58.82 million to $77.73 million.
Shares of Sapient Corporation (NASDAQ:SAPE) grew from $9.78 per share in August 2012 to as high as $17.56 per share in March 2014.
On November 7, 2014, NASDAQ:SAPE shares closed at $24.67 per share.
Those who are current investors in Sapient Corporation 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