Shareholders Foundation, Inc.

Jive Software Inc (NASDAQ:JIVE) Investor Alert: Investigation of Takeover at $5.25 Per Share

An investigation on behalf of investors of Jive Software Inc (NASDAQ:JIVE) in connection with the proposed takeover was announced and NASDAQ:JIVE stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/18/2017 -- An investigation was announced for investors in shares of Jive Software Inc concerning whether the takeover of Jive Software Inc. byW Capital, LLC, through its affiliate Wave Systems is unfair to NASDAQ:JIVE stockholders.

Investors who purchased shares of Jive Software Inc (NASDAQ:JIVE) and currently hold any of those NASDAQ:JIVE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Jive Software Inc breached their fiduciary duties owed to NASDAQ:JIVE investors in connection with the proposed acquisition.

On May 1, 2017, Jive Software Inc (NASDAQ:JIVE) announced that ESW Capital, LLC, through its affiliate Wave Systems, is acquiring Jive Software Inc (NASDAQ:JIVE) and that Jive will become a part of the Aurea family of companies. The transaction is valued at $462 million. Under the terms of the agreement, an affiliate of Aurea will commence a tender offer for all of the outstanding shares of Jive Software Inc (NASDAQ:JIVE) common stock for $5.25 in cash per share.

However, the investigation concerns whether the offer is unfair to NASDAQ:JIVE stockholders. More specifically, the investigation concerns whether the Jive Software Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On May 17, 2017, NASDAQ:JIVE shares closed at $5.25 per share.

Those who purchased shares of Jive Software Inc (NASDAQ:JIVE), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

 
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