June 1, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Marketo Inc (NASDAQ:MKTO), was announced concerning whether the takeover of Marketo Inc by Vista Equity Partners for $55.00 per share is unfair to NASDAQ:MKTO stockholders.

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

On May 31, 2016 Marketo Inc (NASDAQ:MKTO) announced that it has entered into an agreement to be acquired by private equity firm Vista Equity Partners. Under the terms of the proposed transaction Marketo Inc (NASDAQ:MKTO) shareholders will receive $35.25 in cash per share.

However, given that at least one analyst has set the high target price for NASDAQ:MKTO shares at $55.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:MKTO stockholders. More specifically, the investigation concerns whether the Marketo 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.

Marketo Inc reported that its annual Total Revenue rose from $58.41 million in 212 to $209.87 million in 2015. Shares of Marketo Inc (NASDAQ:MKTO) reached as high as $42.68 per share in early 2014.

On June 1, 2016, NASDAQ:MKTO shares closed at $35.16 per share.