SAN DIEGO, Nov. 27, 2017 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Bazaarvoice, Inc. ("Bazaarvoice")
(NASDAQ: BV) breached their fiduciary duties in connection with the
proposed sale of the Company to Marlin Equity Partners ("Marlin").
Bazaarvoice provides marketing tools to retailer and brand clients
for understanding consumer voice.
On November 27, 2017, Bazaarvoice
announced that it had signed a definitive merger agreement with
Marlin. Under the terms of the agreement, Marlin will acquire each
share of outstanding common stock of Bazaarvoice in
exchange for $5.50 in cash.
The investigation concerns whether the Bazaarvoice board failed
to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Bazaarvoice shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal represents adequate consideration,
especially given one Wall Street analyst has a $7.00 price target on the stock.
If you are a shareholder of Bazaarvoice and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP
