NEW YORK, May 12, 2010 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Sybase, Inc. ("Sybase" or the "Company") (NYSE:SY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to SAP AG. ("SAP") (NYSE:SAP). Under the terms of the transaction, Sybase shareholders will receive $65.00 in cash for each Sybase share of common stock they own for a total transaction value of approximately $5.8 billion.
The investigation concerns whether the Sybase Board of Directors breached their fiduciary duties to Sybase stockholders by failing to adequately shop the Company before entering into this transaction and whether SAP is underpaying for Sybase shares, thus unlawfully harming Sybase stockholders.
If you own common stock in Sybase and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500 or visit http://www.zlk.com/sybase-sy.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.