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If you purchased shares of NetSuite Inc (NYSE:N) and currently hold any of those NYSE:N shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
August 1, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of NetSuite Inc (NYSE:N), was announced concerning whether the takeover of NetSuite Inc. by Oracle for $109 per share is unfair to NetSuite stockholders.
The investigation by a law firm concerns whether certain officers and directors of NetSuite Inc breached their fiduciary duties owed to NYSE:N investors in connection with the proposed acquisition.
On July 28, 2016, Oracle (NYSE: ORCL) announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion.
However, the investigation concerns whether the offer is unfair to NYSE:N stockholders. More specifically, the investigation concerns whether the NetSuite 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.
NetSuite Inc reported that its annual Total Revenue rose from $308.82 million in 2012 to $741.15 million in 2015. Shares of NetSuite Inc (NYSE:N) reached as high as $115.57 per share in early 2014.
