TIVO SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of TiVo Inc. (TIVO) Over the Proposed Sale of the C...
May 05 2016 - 4:42PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of TiVo Inc. (“TiVo” or the
“Company”) (NASDAQ:TIVO) for potential breaches of fiduciary duties
in connection with the sale of the Company to Rovi Corporation
(“Rovi”) for approximately $1.1 billion.
The Company’s stockholders will only receive $10.70 for each
share of Company common stock they own, consisting of $2.75 in cash
and $7.95 in shares of common stock of a new holding company that
will own both Rovi and TiVo. However, this consideration is below
at least one analyst’s price target of $18.00 per share and TiVo’s
52-week high of $11.00 per share.
Click here for more information:
www.faruqilaw.com/TIVO. There is no cost or
obligation to you.
The investigation focuses on whether TiVo’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of TiVo’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in TiVo and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/TIVO or contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
877-247-4292Phone: 212-983-9330
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