Actividentity Corp (MM) (NASDAQ:ACTI)
Historical Stock Chart
5 Years : From Apr 2011 to Apr 2016
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of
ActivIdentity Corp. (“ActivIdentity” or the “Company”) (NASDAQ: ACTI)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Assa Abloy. The proposed
transaction offers ActivIdentity shareholders to only receive $3.25 per
share in cash. According to Yahoo! Finance, at least one financial
analyst values ActivIdentity’s common stock at $4.50 per share. The
transaction is valued at approximately $162 million.
Request more information now by clicking here: www.faruqilaw.com/ACTI
Whether the ActivIdentity’s Board of Directors breached their fiduciary
duties to ActivIdentity’s stockholders by failing to conduct an adequate
and fair sales process to sell the Company prior to agreeing to this
proposed transaction, whether the proposed transaction undervalues
ActivIdentity’s shares and by how much this proposed transaction
undervalues the Company to the detriment of ActivIdentity shareholders
are the key focus of this investigation.
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, through 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 ActivIdentity and wish to obtain additional
information, please visit us at www.faruqilaw.com/ACTI
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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