Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of ActivIdentity Corp. - ACTI
November 05 2010 - 5:29PM
Business Wire
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
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 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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