An investigation for investors in NYSE:BLOX shares was announced concerning whether the takeover of Infoblox Inc by Vista Equity Partners for $26.50 per share is unfair to NYSE:BLOX stockholders.
Investors who purchased shares of Infoblox Inc (NYSE:BLOX) and currently hold any of those NYSE:BLOX 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 directors of Infoblox Inc breached their fiduciary duties owed to NYSE:BLOX investors in connection with the proposed acquisition.
On September 19, 2016, Infoblox Inc (NYSE:BLOX) announced that it has entered into an agreement to be acquired by private equity firm Vista Equity Partners. Under the terms of the agreement, Infoblox Inc (NYSE:BLOX) stockholders will receive $26.50 per share of common stock in cash. The transaction values Infoblox at approximately $1.6 billion.
However, given that at least on analyst has set the high target price for NYSE:BLOX shares at $32.00 per share, the investigation concerns whether the offer is unfair to NYSE:BLOX stockholders. More specifically, the investigation concerns whether the Infoblox 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.
Shares of Infoblox Inc (NYSE:BLOX) closed on October 3,2016 at $26.38 per share.
Those who are current investors in NYSE:BLOX shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego