An investigation on behalf of investors of TubeMogul Inc (NASDAQ:TUBE) in connection with the proposed takeover was announced and NASDAQ:TUBE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/17/2016 -- An investigation on behalf of investors, who currently hold shares of TubeMogul In, was announced over the takeover of TubeMogul Inc. by Adobe for $14.00 per share.
Investors who purchased shares of TubeMogul Inc (NASDAQ:TUBE) and currently hold any of those NASDAQ:TUBE shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of TubeMogul Inc breached their fiduciary duties owed to NASDAQ:TUBE investors in connection with the proposed acquisition.
On November 10, 2016, Adobe (Nasdaq:ADBE) announced it has entered into an agreement to acquire TubeMogul Inc (NASDAQ:TUBE) for approximately $540 million net of debt and cash. Under the terms of the agreement, Adobe will commence a cash tender offer to acquire all of the outstanding common stock of TubeMogul Inc (NASDAQ:TUBE) for $14 per share.
However, given that at least one analyst has set the high target price for NASDAQ:TUBE shares at $17.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:TUBE stockholders. More specifically, the investigation concerns whether the TubeMogul 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 November 16, 2016, NASDAQ:TUBE shares closed at $13.99 per share.
Those who are current investors in TubeMogul Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego