WILMINGTON, Del., Sept. 10, 2015 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Envivio, Inc. (NASDAQ GS:
ENVI)?
- Did you purchase any of your shares prior to September 10, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Envivio,
Inc. ("Envivio" or the "Company") (NASDAQ GS: ENVI) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
LM Ericsson Telephone Company ("Ericsson") (NASDAQ GS: ERIC), in a
transaction valued at approximately $125
million.
Click here to learn more:
http://rigrodskylong.com/investigations/envivio-inc-envi.
Under the terms of the agreement, shareholders of Envivio will
receive $4.10 per share in cash for
each share of Envivio they own.
The investigation concerns whether Envivio's board of directors
failed to adequately shop the Company and obtain the best possible
value for Envivio's shareholders before entering into an agreement
with Ericsson.
If you own the common stock of Envivio and purchased your shares
before September 10, 2015, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/envivio-inc-envi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/envivio-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300141255.html
SOURCE Rigrodsky & Long, P.A.