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ARI Network Services, Inc. (NASDAQ:ARIS) Investor Lawsuit Against Acquisition Filed

  • If you purchased shares of ARI Network Services, Inc. (NASDAQ:ARIS), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
ARI Network Services, Inc.
Security
NASDAQ: ARIS

Case Name
ARI Network Services Deal Case 08/10/2017
Type of Lawsuit
Mergers and Acquisition
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Summary

August 10, 2017 (Shareholders Foundation) - An investor, who currently holds shares of ARI Network Services, Inc. (NASDAQ:ARIS), filed a lawsuit in effort to halt the proposed takeover of ARI Network Services, Inc. by an affiliate of True Wind Capital Management, LLC.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:ARIS stockholders by agreeing to sell ARI Network Services, Inc. cheaply via an unfair process.

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, plaintiff claims that the proposed consideration NASDAQ:ARIS shareholders will receive with True Wind Capital Management’s offer is grossly inadequate and undervalues ARI Network Services, Inc. In addition, the plaintiff alleges that the process is also unfair NASDAQ:ARIS stockholders.

Shares of ARI Network Services, Inc. (NASDAQ:ARIS) closed on August 10, 2017 at $7.06 per share.