NEW YORK--()--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Pervasive Software Inc. (“Pervasive” or the “Company”) (PVSW) related to the proposed acquisition of the Company by Actian Corp. (“Actian”). Under the terms of the agreement, Actian will acquire all of the outstanding common stock of Pervasive for $9.20 per share in cash, valuing the Company at approximately $161.9 million.
The investigation concerns whether the Pervasive Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $9.20 per share consideration adequately values Pervasive common shares. The offer price represents a mere 2% premium to the price of shares on January 25, 2012, the trading day before the transaction was announced.
If you are a Pervasive shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.