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Bazaarvoice, Inc. (BV)

NASDAQ:BV

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Bazaarvoice, Inc.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case No. 1:17-cv-01866, on behalf of shareholders of Bazaarvoice, Inc. (“Bazaarvoice” or the “Company”) (NASDAQ:BV) who have been harmed by Bazaarvoice’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with certain affiliates of Marlin Equity Partners (“Marlin”).

On November 26, 2017, Bazaarvoice entered into an Agreement and Plan of Merger (“Proposed Transaction”) under which each outstanding share of Bazaarvoice common stock will be exchanged for $5.50 in cash and Marlin stock (the “Merger Consideration”), for a total value of approximately $521 million.

The complaint alleges that the definitive proxy statement (the “Proxy”) filed with the Securities and Exchange Commission (“SEC”) on December 26, 2017, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Bazaarvoice shareholders.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/11/2018

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