On or around 02/08/2017 (Other)
Filing Date: December 06, 2016
According to a law firm's press release, on November 10, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Adobe Systems Incorporated will acquire TubeMogul, Inc. in a merger in a deal worth $540 million. As a result of the merger, TubeMogul shareholders are only anticipated to receive $14.00 in cash for each share of TubeMogul, Inc. common stock.
The complaint alleges that the company: (1) failed to conduct a fair sales process, (2) failed to disclose how much this proposed transaction undervalues the company, and (3) failed to disclose all material information regarding the sale of the company.
This case was voluntarily dismissed on February 6, 2017.
Company & Securities Information
Defendant: TubeMogul, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: TUBE
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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