INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Demandware, Inc. And Encourages Shareholder...
02 Giugno 2016 - 11:47PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Demandware, Inc. (NYSE: DWRE)
(“Demandware” or the “Company”) relating to the proposed buyout of
Demandware by salesforce.com, inc.
Under the terms of the agreement, Demandware shareholders are
anticipated to receive $75.00 in cash for each share of Demandware
common stock held. The transaction may undervalue the Company
and would result in no real gain or a loss for many long-term
Demandware shareholders, especially given that the Company’s
52-week high was $75.90. The firm’s investigation seeks to
determine, among other things, whether the Company’s Board of
Directors failed to satisfy their duties to shareholders, including
whether the Board adequately pursued alternatives to the
acquisition and whether the Board obtained the best price possible
for the Company’s shares of common stock.
If you currently own common stock of Demandware and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160602006640/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
Grafico Azioni Demandware, Inc. (delisted) (NYSE:DWRE)
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Grafico Azioni Demandware, Inc. (delisted) (NYSE:DWRE)
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Da Giu 2023 a Giu 2024