An investigation on for investors in NetSuite shares was announced concerning whether the takeover of NetSuite Inc . by Oracle for $109 per share is unfair to NetSuite stockholders.
Investors who purchased shares of NetSuite Inc (NYSE:N) and currently hold any of those NYSE:N 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 officers and directors of NetSuite Inc breached their fiduciary duties owed to NYSE:N investors in connection with the proposed acquisition.
On July 28, 2016, Oracle (NYSE: ORCL) announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.
However, the investigation concerns whether the offer is unfair to NYSE:N stockholders. More specifically, the investigation concerns whether the NetSuite 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 August 15, 2016, NYSE:N shares closed at $108.62 per share.
Those who are current investors in NYSE:N 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
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