Weiss & Lurie, a national class action and shareholder rights law firm
with offices in New York City and Los Angeles, is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of Ariba Inc. (NASDAQ: ARBA) arising from its agreement for
Ariba to be acquired by a subsidiary of SAP AG (NYSE: SAP). Under the
proposed merger agreement, shareholders will receive $45.00 in cash per
Ariba share. The transaction is expected to close during the third
quarter of 2012.
Weiss & Lurie is investigating whether Ariba’s Board acted in the best
interests of shareholders in approving this deal and whether SAP is
underpaying for Ariba shares. As part of the deal, insiders have secured
special benefits for themselves – for example, upon consummation of the
deal, Ariba’s existing management team will continue to lead Ariba,
which will operate as an independent business under the name “Ariba, an
SAP company.” Moreover, the SAP Executive Board intends to nominate
Ariba’s CEO, Bob Calderoni, to the SAP Global Managing Board after the
close of the transaction. Furthermore, an analyst has set a target price
for Ariba stock at $50.00 per share.
If you own Ariba shares and would like more information about your
rights as a shareholder or additional information concerning our
investigation, please contact Michael A. Rogovin, Esq. either by
telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
Weiss & Lurie has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have
recovered over a billion dollars for defrauded institutions and
individuals and obtained important corporate governance in these cases.
If you have information or would like legal advice concerning possible
corporate wrongdoing, consumer fraud, or anti-trust violations, please
email us at email@example.com
or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.