Robbins Umeda LLP Announces an Investigation of Pervasive Software, Inc.
Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Pervasive Software, Inc. (NASDAQ: PVSW) in connection with their actions in relation to Actian Corporation’s proposal to purchase the company. Specifically, the firm’s investigation focuses on whether the board of directors of Pervasive is undertaking a fair process to obtain maximum value to adequately compensate its shareholders and fully consider the proposal by Actian, or seeking to benefit themselves.
On August 13, 2012, Actian announced that it had proposed to acquire all of the outstanding shares of Pervasive common stock. Under the terms of the proposal, Actian would acquire Pervasive for $8.50 per share in cash. Notwithstanding, the board of directors of Pervasive has purportedly rejected efforts to open negotiations regarding a potential merger.
Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly. You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.
Robbins Umeda LLP attorneys highlight that Pervasive shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.
Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.