NEW YORK, April 29, 2016 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of TiVo Inc. ("TiVo" or the
"Company") (NASDAQ: TIVO) concerning the proposed acquisition of
the Company by Rovi Corporation ("Rovi").
Under the terms of the offer, Rovi would acquire TiVo in a
transaction valued at approximately $1.1
billion. Pursuant to the deal, TiVo stockholders will
receive $10.70 per share in cash and
stock. Rovi will pay $2.75 in
cash, subject to a collar mechanism, and the remainder will be paid
in shares of common stock of a holding company that will own both
Rovi and TiVo.
Our investigation concerns whether the TiVo board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company stockholders.
If you own TiVo shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP