|[October 02, 2013]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of The Active Network, Inc. In Connection With Sale Of Company to Vista Equity Partners
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of The Active
Network, Inc. ("Active" or the "Company") (NYSE: ACTV) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Vista Equity Partners.
Click here to learn more about the investigation http://zlk.9nl.com/active-network-actv/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, ctive shareholders will receive
$14.50 for each share of Active stock they own. The transaction has a
total approximate value of $1.05 billion. The investigation concerns
whether the Active Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing
to enter into this transaction, and whether Vista Equity Partners is
underpaying for Active shares.
If you own Active common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/active-network-actv/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm has extensive expertise
in prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. For more information, please feel free to contact
any of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
[ Back To Technology News's Homepage ]