The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Saba Software, Inc. (OTCMKTS:SABA), was launched concerning whether the takeover of Saba Software, Inc. by an affiliate of Vector Capital at $9.00 per share is unfair to OTCMKTS:SABA stockholders.
Investors who purchased shares of Saba Software, Inc. (OTCMKTS:SABA) and currently hold any of those OTCMKTS:SABA shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Saba Software, Inc. breached their fiduciary duties owed to OTCMKTS:SABA investors in connection with the proposed acquisition.
On February 10, 2015 Saba Software, Inc. (OTCMKTS:SABA) announced that it has entered into an agreement with affiliates of Vector Capital under which an affiliate of Vector Capital will acquire all of the outstanding shares of Saba Software, Inc. (OTCMKTS:SABA) common stock for $9.00 per share in an all cash offer.
However, given that at least one analyst has set the high target price for SABA shares at $17.00 per share, the investigation concerns whether the offer is unfair to OTCMKTS:SABA stockholders. More specifically, the investigation concerns whether the Saba Software Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On February 18, 2015, OTCMKTS:SABA shares closed at $8.82 per share.
Those who are current investors in Saba Software, Inc. (OTCMKTS:SABA) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com