An investigation for investors in NASDAQ:TIVO shares is ongoing concerning whether a potential acquisition of TiVo Inc. would be unfair to investors.
Investors who purchased shares of the TiVo Inc. (NASDAQ:TIVO) and currently hold any of those (NASDAQ:TIVO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm is at an early stage and concerns whether a takeover would be unfair to NASDAQ:TIVO investors.
On March 24, 2016, it was reported that TiVo is in “advanced negotiations” to be bought out by Rovi (NASDAQ: ROVI).
However, given that shares of TiVo Inc. (NASDAQ:TIVO) reached as high as $14.09 per share in August 2014 and that at least one analyst has set the high target price for NASDAQ:TIVO shares at $18.00 per share, the investigation a law firm concerns whether the TiVo board of directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders’ best interests in connection with the proposed sale.
TiVo Inc. reported that its Total Revenue rose from $303.91 million for the 12 months period that ended on January 31, 2013 to $489.61 million for the 12 months period that ended on January 31, 2016.
On April 8, 2016, NASDAQ:TIVO shares closed at $8.86 per share.
Those who are current investors in NASDAQ:TIVO 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