Investigation Overview
An investigation on behalf of former investors of Solera Holdings Inc (NYSE:SLH) shares over potential securities laws violations in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Solera Holdings Inc (NYSE:SLH) concerning whether certain statements regarding Solera Holdings Incs business, its prospects and its operations were materially false and misleading at the time they were made.
Solera Holdings Inc (NYSE:SLH) reported that its Total Revenue rose from $790.21 million for the 12 months period that ended on June 30, 2012 to over $1.14 billion for the 12 months period that ended on June 30, 2015. Shares of Solera Holdings Inc (NYSE:SLH) reached in early 2014 as high as $70.34 per share.
On September 13, 2015, Solera Holdings Inc (NYSE:SLH) announced that it has entered into a merger agreement pursuant to which an affiliate of Vista Equity Partners will acquire Solera Holdings Inc in a transaction valued at approximately $6.5 billion, including the existing net debt of Solera. Pursuant to the Merger Agreement, Vista Equity Partners will acquire 100% of the outstanding shares of Solera Holdings Inc (NYSE:SLH) common stock for $55.85 per share in cash in the Merger. On March 3, 2016, Solera Holdings, Inc. announced that it has been acquired by an affiliate of Vista Equity Partners.