WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Actuate Corporation (NASDAQ GS: BIRT)?
- Did you purchase any of your shares prior to December 5, 2014?
- 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 Actuate Corporation (“Actuate” or the “Company”) (NASDAQ GS: BIRT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by OpenText Corporation (“OpenText”), in a transaction valued at approximately $330 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/actuate-corporation-birt.
Under the terms of the proposal, public shareholders of Actuate would receive $6.60 per share in cash for each share of Actuate they own.
The investigation concerns whether Actuate’s board of directors failed to adequately shop the Company and obtain the best possible value for Actuate’s shareholders before entering into an agreement with OpenText. According to Yahoo! Finance, at least one analyst has issued a price target for Actuate stock at $7.00 per share.
If you own the common stock of Actuate and purchased your shares before December 5, 2014, 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, Delaware 19803; by telephone at (888) 969-4242; or by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/actuate-corporation-birt.
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.
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