May 27, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Tangoe Inc (OTCMKTS:TNGO), was announced concerning whether the takeover of Tangoe Inc. by Marlin Equity Partners for $6.50 per share is unfair to OTCMKTS:TNGO stockholders.

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

On April 28, 2017, global investment firm Marlin Equity Partners announced that it has entered into an agreement to acquire all outstanding shares of Tangoe, Inc. (OTCPK:TNGO) for $6.50 per share in cash.

However, given that at least one analyst has set the high target price for TNGO shares and given that TNGO shares traded prior to the takeover announcement in the open market as high as $9.82 per share in September 2016, the investigation concerns whether the offer is unfair to OTCMKTS:TNGO stockholders. More specifically, the investigation concerns whether the Tangoe 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.