An investigation on behalf of investors of Solera Holdings Inc (NYSE:SLH) in connection with the proposed takeover was announced and NYSE:SLH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/06/2015 -- An investigation for shareholders who currently hold NYSE:SLH shares was announced concerning whether the takeover of Solera Holdings Inc by an affiliate of Vista Equity Partners for $55.85 per share is unfair.
On September 13, 2015, Solera Holdings Inc (NYSE:SLH) announced that it has entered into a merger agreement pursuant to which an affiliate of Vista Equity Partners will acquire Solera Holdings Inc in a transaction valued at approximately $6.5 billion, including the existing net debt of Solera.
Investors who purchased shares of Solera Holdings Inc (NYSE:SLH) and currently hold any of those NYSE:SLH shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Solera Holdings Inc breached their fiduciary duties owed to NYSE:SLH investors in connection with the proposed acquisition.
Pursuant to the Merger Agreement, Vista Equity Partners will acquire 100% of the outstanding shares of Solera Holdings Inc (NYSE:SLH) common stock for $55.85 per share in cash in the Merger.
However, given that at least one analyst has set the high target price for NYSE:SLH shares at $56.00 per share and given that NYSE:SLH shares traded as recently as February as high as $56.59 per share, the investigation concerns whether the offer is unfair to NYSE:SLH stockholders. More specifically, the investigation concerns whether the Solera Holdings 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.
Solera Holdings Inc (NYSE:SLH) reported that its Total Revenue rose from $790.21 million for the 12 months period that ended on June 30, 2012 to over $1.14 billion for the 12 months period that ended on June 30, 2015. Shares of Solera Holdings Inc (NYSE:SLH) reached in early 2014 as high as $70.34 per share.
On October 2, 2015, NYSE:SLH shares closed at $54.20 per share.
Those who are current investors in Solera Holdings Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego