Sybase shareholders are investigating the fairness of the SAP tender offer and possible breaches of fiduciary duty and other corporate violations by the board of directors of Sybase Inc. (NYSE: SY).
Under the terms of the tender offer:
- Sybase shareholders will receive $65 in cash for each share of Sybase common stock they own;
- Sybase management will retain their positions and operate the company as a SAP subsidiary.
Shareholders are investigating potential breaches of fiduciary duty and other violations concerning the transaction’s approval by Sybase’s board of directors, and in particular whether Sybase’s board undertook a fair and complete process to attain the highest value for Sybase’s public shareholders.
If you are a Sybase shareholder and wish to speak with us about your legal rights or are interested in participating in litigation concerning the Sybase merger, please call us at 1-877-573-0007.
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