An investigation for investors in NYSE:DWRE shares was announced concerning whether the takeover of Demandware Inc by Salesforce for $75.00 is unfair to NYSE:DWRE stockholders.
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 firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Demandware Inc breached their fiduciary duties owed to NYSE:DWRE investors in connection with the proposed acquisition.
On June 1, 2016, Salesforce (NYSE: CRM) 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.
On June 13, 2016, NYSE:DWRE shares closed at $74.92 per share.
Those who are current investors in NYSE:DWRE shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego