An investigation on behalf of investors, who currently hold shares of MuleSoft, Inc. (NYSE: MULE), was announced concerning whether the takeover of MuleSoft, Inc. by Salesforce is unfair to NYSE: MULE stockholders.

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

San Francisco, CA based MuleSoft, Inc. provides Anypoint Platform that allows customers to connect their applications, data, and devices in the United States, the United Kingdom, and internationally. Its platform also enables a self-serve infrastructure through discoverable building blocks or nodes that can be used and reused to compose applications. On March 20, 2018, Salesforce (NYSE: CRM) and MuleSoft (NYSE: MULE) announced that they have entered into an agreement under which Salesforce will acquire MuleSoft for an enterprise value of approximately $6.5 billion. Under the terms of the transaction, the MuleSoft acquisition consideration will be composed of $36.00 in cash and 0.0711 shares of Salesforce common stock per MuleSoft Class A and Class B common share, which represents a per share price for MuleSoft common shares of $44.89 based on the closing price of Salesforce common stock on March 19, 2018.

However, the investigation concerns whether the offer is unfair to NYSE: MULE stockholders. More specifically, the investigation concerns whether the MuleSoft 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.

MuleSoft, Inc. reported that its annual Total Revenue rose from $187.74 million in 2016 to $296.45 million in 2017.