April 21, 2015 (Shareholders Foundation) - An investor, who currently holds shares of Informatica Corporation (NASDAQ:INFA), ), filed a lawsuit in effort to stop the proposed takeover of Informatica Corporation by a company controlled by the Permira funds and Canada Pension Plan Investment Board for $48.75 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:INFA stockholders by agreeing to sell Informatica Corporation too cheaply via an unfair process to a company controlled by the Permira funds and Canada Pension Plan Investment Board

On April 7, 2015, (NASDAQ:INFA) announced that it has entered into an agreement to be acquired by a company controlled by the Permira funds and Canada Pension Plan Investment Board (CPPIB) for approximately $5.3 billion. Under the terms of the agreement, Informatica Corporation (NASDAQ:INFA) shareholders will receive $48.75 in cash for each share of Informatica Corporation (NASDAQ:INFA) common stock.

However, the plaintiff claims that the proposed consideration NASDAQ:INFA shareholders will receive is grossly inadequate and undervalues Informatica Corporation. Informatica Corporation reported that its annual Total Revenue rose from $948.17 million in 2013 to over $1.04 billion in 2014 and that its Net Income increased from $86.39 million in 213 to $114.09 million in 2014. Shares of Informatica Corporation (NASDAQ:INFA) grew from $30.65 per share in July 2014 to as high as $46.00 per share on April 6, 2015. Furthermore, the plaintiff claims that the process is also unfair to NASDAQ:INFA stockholders.