NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is commencing an investigation into the Board of Directors of Saba Software, Inc. (“Saba Software” or “the Company”) (OTHER OTC: SABA) in connection with possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vector Capital.
Click here to learn more about the investigation: http://zlk.9nl.com/saba-software-saba.
Under the terms of the transaction, Saba Software shareholders will receive $9.00 in cash for each share of Saba Software stock they own. The investigation concerns whether the Board of Saba Software breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Vector Capital is underpaying for Saba Software shares. In particular, Saba Software stock has traded above the offer price as recently as February 6, 2015, and traded as high as $13.70 per share in December.
If you own Saba Software common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/saba-software-saba.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.