WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of SciQuest, Inc. (NASDAQ GS: SQI)?
- Did you purchase any of your shares prior to May 31, 2016?
- 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 SciQuest, Inc. (“SciQuest” or the “Company”) (NASDAQ GS: SQI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by affiliates of Accel-KKR (“AKKR”), in a transaction valued at approximately $509 million.
Click here to learn more: http://rigrodskylong.com/investigations/sciquest-inc-sqi.
Under the terms of the agreement, shareholders of SciQuest will receive $17.75 in cash for each share of SciQuest common stock.
The investigation concerns whether SciQuest’s board of directors failed to adequately shop the Company and obtain the best possible value for SciQuest shareholders before entering into an agreement with AKKR.
If you own the common stock of SciQuest and purchased your shares before May 31, 2016, 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, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://rigrodskylong.com/investigations/sciquest-inc-sqi.
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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