SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of ClickSoftware Technologies Ltd. And Enco...
May 06 2015 - 12:44PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of ClickSoftware Technologies Ltd.
(“ClickSoftware” or the “Company”) (Nasdaq: CKSW) relating to the
proposed buyout of the Company by Francisco Partners
Management.
Under the terms of the transaction, ClickSoftware shareholders
are anticipated to receive $12.65 in cash for each share of
ClickSoftware common stock held.
The transaction may undervalue ClickSoftware and may result in a
substantial loss for many shareholders. For example, according to
Yahoo! Finance, at least one Wall Street analyst has issued a price
target for ClickSoftware stock at $13.00 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of ClickSoftware and would
like to learn more about the investigation being conducted by
Brower Piven, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven1925 Old
Valley RoadStevenson, Maryland 21153Telephone:
410-415-6616hoffman@browerpiven.com
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