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If yuo purchased shares of TubeMogul Inc (NASDAQ:TUBE) and currently hold any of those NASDAQ:TUBE 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
November 16, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of TubeMogul Inc (NASDAQ:TUBE), was announced concerning whether the takeover of TubeMogul Inc. by Adobe for $14.00 per share is unfair to NASDAQ:TUBE stockholders.
The investigation by a law firm concerns whether certain officers and directors of TubeMogul Inc breached their fiduciary duties owed to NASDAQ:TUBE investors in connection with the proposed acquisition.
On November 10, 2016, Adobe (Nasdaq:ADBE) announced it has entered into an agreement to acquire TubeMogul Inc (NASDAQ:TUBE) for approximately $540 million net of debt and cash. Under the terms of the agreement, Adobe will commence a cash tender offer to acquire all of the outstanding common stock of TubeMogul Inc (NASDAQ:TUBE) for $14 per share.
However, given that at least one analyst has set the high target price for NASDAQ:TUBE shares at $17.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:TUBE stockholders. More specifically, the investigation concerns whether the TubeMogul 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.
Shares of TubeMogul Inc (NASDAQ:TUBE) reached as high as $22.05 per share in December 2014.
On November 16, 2016, NASDAQ:TUBE shares closed at $13.99 per share.
