Cases
TubeMogul, Inc. (NASDAQ: TUBE)
Merger
Overview
Overview
- Date:
- 12/8/2016
- Company Name:
- TubeMogul, Inc.
- Stock Symbol:
- TUBE
- Company Name - Buyer:
- Adobe Systems Incorporated
- Class Period:
- FROM 12/6/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/10/2016
- Court:
- U.S. District Court: Central California
NEW YORK, December 8, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the California Northern District Court on behalf of all persons or entities who held TubeMogul, Inc. (NASDAQ: TUBE) securities on December 6, 2016 (the “Class Period”).
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.
If you held TubeMogul securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
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.
If you held TubeMogul securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.