September 13, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Apigee Corp (NASDAQ:APIC), was announced concerning whether the takeover of Apigee Corp by Google for $19.00 per share is unfair to NASDAQ:APIC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Apigee Corp breached their fiduciary duties owed to NASDAQ:APIC investors in connection with the proposed acquisition.

On September 8, 2016, Apigee Corp (NASDAQ:APIC) announced that Apigee Corp has entered into an agreement under which Google will acquire Apigee for $17.40 per share in cash, for a total value of approximately $625 million.

However, given that at least one analyst has set the high target price for NASDAQW:APIC shares at $19.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:APIC stockholders. More specifically, the investigation concerns whether the Apigee Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Apigee Corp (NASDAQ:APIC) closed on September 13, 2016 at $ 17.44 per share.