NEW YORK, Oct. 7, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of TIBCO Software Inc. ("TIBCO" or "the Company") (Nasdaq:TIBX) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Vista Equity Partners. A complaint was filed in Delaware state court.
Click here to learn more about the action: http://zlk.9nl.com/tibco-software-tibx.
Under the terms of the transaction, TIBCO shareholders will receive $24.00 in cash for each share of TIBCO stock they own. The claims concern whether the Board of TIBCO breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Vista Equity Partners is underpaying for TIBCO shares.
If you own TIBCO common stock 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, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tibco-software-tibx.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.