An investigation on behalf of investors of Demandware Inc (NYSE:DWRE) in connection with the proposed takeover was announced and NYSE:DWRE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/07/2016 -- The takeover of Demandware Inc is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold NYSE:DWRE shares, concerning whether the takeover of Demandware Inc by Salesforce for $75.00 is unfair.
Investors who purchased shares of Demandware Inc (NYSE:DWRE) and currently hold any of those NYSE:DWRE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Demandware directors breached their fiduciary duties owed to NYSE:DWRE investors in connection with the proposed acquisition.
On June 1, 2016, Salesforce and Demandware Inc (NYSE:DWRE) announced that they have entered into an agreement under which Salesforce will acquire Demandware Inc (NYSE:DWRE) in a transaction worth approximately $2.8 billion (net of cash acquired). Under the terms of the agreement, Salesforce will commence a tender offer for all outstanding shares of Demandware Inc (NYSE:DWRE) for $75.00 per share, in cash.
However, the investigation concerns whether the offer is unfair to NYSE:DWRE stockholders. More specifically, the investigation concerns whether the Demandware 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.
Demandware Inc reported that its annual Total Revenue rose from $83.28 million in 2012 to $237.28 million in 2015. Shares of Demandware Inc (NYSE:DWRE) reached as high as $75.56 per share in July 2015.
On June 1, 2016, NYSE:DWRE shares closed at $74.78 per share.
Those who are current investors in Demandware Inc 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