SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation into Possible Breaches of Fiduciar
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation into Possible Breaches of Fiduciary Duty by Board of The Active Network, Inc. In Connection With Sale Of Company to Vista Equity Partners
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of The Active Network, Inc. (NYSE:ACTV)?
- Did you purchase any of your shares prior to September 30, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of The Active Network, Inc. ("Active" or the "Company") (NYSE: ACTV) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Vista Equity Partners ("Vista") in a transaction valued at approximately $1.05 billion.
Click here to learn more: http://rigrodskylong.com/investigations/the-active-network-inc-actv.
Under the terms of the agreement, public shareholders of Active will receive $14.50 per share in cash for each share of Active they own.
The investigation concerns whether Active's board of directors failed to adequately shop the Company and obtain the best possible value for Active's shareholders before entering into an agreement with Vista.
If you own the common stock of Active and purchased your shares before September 30, 2013, 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 Rigrodsky or Gina Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/the-active-network-inc-actv.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
KEYWORDS: United States North America Delaware New York
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