Rigrodsky & Long, P.A. Announces Investigation of SuccessFactors, Inc.’s Sale to SAP AG
05 Dicembre 2011 - 4:16PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of SuccessFactors,
Inc. (“SuccessFactors” or the “Company”) (Nasdaq: SFSF) concerning
possible breaches of fiduciary duty and other violations of law
related to the Company’s entry into an agreement to be acquired by
SAP AG (“SAP”) in a transaction with an approximate enterprise
value of $3.4 billion.
Click here to learn more and to discuss your shareholder rights:
http://investigations.rigrodskylong.com/successfactors-inc-sfsf/.
Under the proposed agreement, SAP will commence a tender offer
to acquire all of the outstanding shares of SuccessFactors’ common
stock at a price of $40.00 per share in cash.
The investigation concerns whether SuccessFactors’ board of
directors adequately shopped the Company to obtain the best price
possible for SuccessFactors’ shareholders before entering into the
agreement with SAP. Indeed, according to Yahoo! Finance, at least
one analyst has set a price target of $45.00 per share for
SuccessFactors stock.
If you own the common stock of SuccessFactors and purchased your
shares before December 3, 2011, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case
Development Director, of Rigrodsky & Long, P.A., 919 N. Market
Street, Suite 980, Wilmington, Delaware 19801, by telephone at
(888) 969-4242, or by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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