An investigation for investors in NASDAQ:MKTO shares was announced concerning whether the takeover of Marketo Inc by Vista Equity Partners for $55.00 per share is unfair to NASDAQ:MKTO stockholders.
Investors who purchased shares of Marketo Inc (NASDAQ:MKTO) and currently hold any of those NASDAQ:MKTO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Marketo Inc breached their fiduciary duties owed to NASDAQ:MKTO investors in connection with the proposed acquisition.
On May 31, 2016 Marketo Inc (NASDAQ:MKTO) announced that it has entered into an agreement to be acquired by private equity firm Vista Equity Partners. Under the terms of the proposed transaction Marketo Inc (NASDAQ:MKTO) shareholders will receive $35.25 in cash per share.
However, given that at least one analyst has set the high target price for NASDAQ:MKTO shares at $55.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:MKTO stockholders. More specifically, the investigation concerns whether the Marketo 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 14, 2016, NASDAQ:MKTO shares closed at $35.06 per share.
Those who are current investors in NASDAQ:MKTO 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