SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Saba Software, Inc. (OTC: SABA) breached their fiduciary duties in connection with the planned merger of the Company with Vector Capital. Saba provides cloud-based intelligent talent management solutions for organizations to hire, develop, engage, and inspire people worldwide.
On February 10, 2015, Saba and Vector Capital announced that they had entered into a definitive merger agreement. Under the terms of the agreement Saba shareholders will receive $9.00 per share in an all cash offer.
The investigation concerns whether Saba’s board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Saba’s shares of common stock. One Wall Street analyst has a $17.00 price target on Saba stock which is more than the $9.00 offer price. Earlier this year Saba stock traded at $14.50 per share.
If you are a shareholder of Saba and believe that the proposed buyout price is too low and you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.