On or around 07/27/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: May 16, 2017
According to a law firm press release, under the terms of the agreement, shareholders of Sajan will receive $5.83 in cash for each share of Sajan common stock.
The Complaint alleges that the $5.83 merger consideration to be paid is inadequate. The Complaint further alleges that Defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the proposed transaction. It is alleged that the Proxy Statement omits material information with respect to the proposed transaction, which renders the Proxy Statement false and misleading.
This case was voluntarily dismissed as moot on July 27, 2017.
Company & Securities Information
Defendant: Sajan, Inc.
Industry: Computer Services
Headquarters: United States
Ticker Symbol: SAJA
Company Market: NASDAQ
Market Status: Public (Listed)
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