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Imprivata Inc (NYSE:IMPR) Investor Lawsuit Against Acquisition By Thoma Bravo, LLC Filed

  • If you purchased shares of Imprivata Inc (NYSE:IMPR) and currently hold any of those NYSE:IMPR shares, you have certain options and you should 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
Imprivata Inc
Security
NYSE: IMPR

Case Name
Imprivata Deal Case 08/30/2016
Type of Lawsuit
Mergers and Acquisition
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Summary

August 31, 2016 (Shareholders Foundation) - An investor who currently holds shares of Imprivata Inc (NYSE:IMPR), filed a lawsuit in effort to halt the proposed takeover of Imprivata Inc. by Thoma Bravo, LLC for $19.25 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:IMPR stockholders by agreeing to sell Imprivata Inc too cheaply via an unfair process to an affiliate of Thoma Bravo, LLC.

On July 13, 2016, Imprivata Inc (NYSE:IMPR) announced that it has entered into an agreement to be acquired by an affiliate of private equity investment firm Thoma Bravo, LLC. Under the terms of the agreement, shareholders of record of Imprivata Inc (NYSE:IMPR) will receive $19.25 in cash per share of Imprivata common stock.

However, plaintiff claims that the proposed consideration NYSE:IMPR shareholders will receive is grossly inadequate and undervalues Imprivata Inc. In addition, the plaintiff alleges that the process is also unfair to NYSE:IMPR. stockholders.