July 03, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of ARI Network Services, Inc. (NASDAQ:ARIS), was announced concerning whether the takeover of ARI Network Services, Inc. by an affiliate of True Wind Capital Management, LLC is unfair to NASDAQ:ARIS stockholders.

The investigation by a law firm concerns whether certain officers and directors of ARI Network Services, Inc. breached their fiduciary duties owed to NASDAQ:ARIS investors in connection with the proposed acquisition.

On June 21, 2017, ARI Network Services, Inc. (NASDAQ:ARIS) has entered into an agreement to be acquired by an affiliate of San Francisco-based private equity firm True Wind Capital Management, LLC. Under the terms of the agreement, ARI Network Services, Inc. (NASDAQ:ARIS) shareholders will receive $7.10 in cash for each share of NASDAQ:ARIS common stock they own.

However, the investigation concerns whether the offer is unfair to NASDAQ:ARIS stockholders. More specifically, the investigation concerns whether the ARI Network Services 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.