Archive for February, 2015

Orbitz Shareholder Alert – Investors encouraged to contact law firm

Orbitz Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information

February 12, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Orbitz Worldwide, Inc. (NYSE: “OWW”) (“Orbitz” or the “Company”) on behalf of its’ shareholders. Expedia, Inc. announced that it has entered into a definitive agreement under which it will acquire Orbitz for $12 per share.

Our investigation seeks to determine whether the offer price of only $12 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. In addition, our investigation seeks to determine whether senior management and board members of Orbitz obtained personal benefits for themselves in agreeing to sell the Company to Expedia at Orbitz shareholders’ expense.

If you are a shareholder of Orbitz and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

Saba Software Shareholder Alert – Investors encouraged to contact law firm

Saba Software Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information

February 11, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Saba Software, Inc. (OTC: “SABA”) (“Saba” or the “Company”) on behalf of its’ shareholders. Saba announced that it has entered into a definitive agreement with Vector Capital (“Vector”) under which Vector will acquire all of the outstanding shares of Saba common stock for $9.00 per share.

Our investigation has determined that the offer price of only $9 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, analysts have projected the Company is worth at least $17 per share, and the stock has reached a high of $14.50 per share recently. In addition, Vector has been a partner to Saba since 2013 and the senior management of Saba is partnering with Vector.

If you are a shareholder of Saba and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

Exelis Shareholder Alert – Investors encouraged to contact law firm

Exelis Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information

February 6, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Exelis, Inc. (NYSE: “XLS”) (“Exelis” or the “Company”) on behalf of its shareholders. Harris Corporation and Exelis announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at $23.75 per share. Under the terms of the transaction, Exelis shareholders will receive $16.625 in cash and 0.1025 of a share of Harris common stock, based on Harris’ closing price as of February 5, 2015, for each share of Exelis common stock. Upon closing, Harris shareholders will own approximately 85 percent of the combined company, and Exelis shareholders will own approximately 15 percent.

Our investigation will determine whether the offer price of only $23.75 per share unfairly under-values the true going forward inherent value of the Company and whether shareholders are receiving the maximum value for their shares. Indeed, among other things, the transaction is expected to be slightly accretive to Harris in the first full year and a significant contributor thereafter. Harris has identified estimated net pre-tax cost synergies from the combination in a range of $100 million to $120 million, with savings expected to achieve annual run-rate in year three.

If you are a shareholder of Exelis and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

E2open Shareholder Alert – Investors encouraged to contact law firm

E2open SHAREHOLDER ALERT – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information

February 5, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of E2open, Inc. (NASDAQ: “EOPN”) (“E2open” or the “Company”) on behalf of its’ shareholders. Insight Venture Partners (“Insight”) and E2open have entered into an agreement providing for Insight to acquire the outstanding shares of E2open for $8.60 per share.

Our investigation has determined that the offer price of only $8.60 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, analyst have projected that the Company is worth at least $10 per share, and the Company’s stock reached as high as $29.82 this past year.

If you are a shareholder of E2open and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

Office Depot Shareholder Alert – Investors encouraged to contact law firm

Office Depot Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information

February 4, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential acquisition of Office Depot, Inc. (NASDAQ: “ODP”) (“Office Depot” or the “Company”) on behalf of its shareholders. Staples, Inc. and Office Depot have entered into an agreement for Staples to acquire Office Depot. Office Depot shareholders will receive (i) $7.25 per share in cash and (ii) 0.2188 shares of Staples common stock for each share Office Depot common share outstanding. Based on Staples’s closing stock price on February 2, 2015, the merger consideration is valued at approximately $11 per Office Depot share.

Our investigation seeks to determine whether the offer price of only $11 per share unfairly under-values the true going forward inherent value of the Company and whether shareholders are receiving the maximum value for their shares. Indeed, among other things, the strategic combination of the two companies is expected to deliver at least $1 billion of annualized synergies and the acquisition will be accretive to Staples EPS in the first year post-closing.

If you are a shareholder of Office Depot and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

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