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![TMCNet: Pervasive Software Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Actian Corp. [Manufacturing Close - Up]](http://images.tmcnet.com/siteart/invisible.gif)
Pervasive Software Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Actian Corp. [Manufacturing Close - Up]
(Manufacturing Close - Up Via Acquire Media NewsEdge) Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor are investigating the sale of Pervasive Software, Inc. ("PVSW") to Actian Corp.
According to a release, under the proposed transaction valued at $161.9 million, Pervasive shareholders will only receive $9.20 in cash per share of PVSW stock owned.
Affected investors can contact Zach Groover at Powers Taylor, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com.
The investigation centers on whether Pervasive shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Pervasive stock, and whether Pervasive's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, "due to the total sale price, the recent performance of the company, and other factors, we believe that the transaction may undervalue Pervasive stock. Our lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a business litigation and shareholder rights advocacy firm with experience in complex litigation and transactional matters.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
(c) 2013 ProQuest Information and Learning Company; All Rights Reserved.
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