Jan. 30, 2013 (Shareholders Foundation) -- An investigation on behalf of investors in Pervasive Software Inc. (NASDAQ:PVSW) shares was announced concerning whether the offer by Actian Corporation to acquire Pervasive Software Inc. for $9.20 per NASDAQ:PVSW share and the takeover process are unfair to investors in NASDAQ:PVSW shares.

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

On January 28, 2013, Pervasive Software Inc. (NASDAQ: PVSW) announced that it has entered into an agreement to be acquired by an affiliate of Actian Corporation in a transaction with a total value of approximately $161.9 million. Under the terms of the agreement, Pervasives stockholders will receive $9.20 in cash for each share of Pervasive stock they hold.

However, shares of Pervasive Software Inc. (NASDAQ:PVSW) grew from $3.45 per share in February 2009 to as high as $9.12 per share in December 2012.

Therefore, the investigation a law firm concerns whether the proposed transaction is unfair to NASDAQ:PVSW stockholders. Specifically, the investigation focuses on whether the Pervasive Software 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.