September 26, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Infoblox Inc (NYSE:BLOX), was announced concerning whether the takeover of Infoblox Inc by Vista Equity Partners for $26.50 per share is unfair to NYSE:BLOX stockholders.

The investigation by a law firm concerns whether certain directors of Infoblox Inc breached their fiduciary duties owed to NYSE:BLOX investors in connection with the proposed acquisition.

On September 19, 2016, Infoblox Inc (NYSE:BLOX) announced that it has entered into an agreement to be acquired by private equity firm Vista Equity Partners. Under the terms of the agreement, Infoblox Inc (NYSE:BLOX) stockholders will receive $26.50 per share of common stock in cash. The transaction values Infoblox at approximately $1.6 billion.

However, given that at least on analyst has set the high target price for NYSE:BLOX shares at $32.00 per share, the investigation concerns whether the offer is unfair to NYSE:BLOX stockholders. More specifically, the investigation concerns whether the Infoblox 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.