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.