Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Keynote Systems, Inc. Over the Proposed Sale of the Company to Thoma Bravo, LLC
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Keynote Systems, Inc. (“Keynote” or the “Company”) (NasdaqGS: KEYN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Thoma Bravo, LLC in a deal valued at approximately $395 million. Under the terms of the proposed transaction, Keynote’s stockholders will receive $20.00 in cash for each share of Keynote common stock they own.
The investigation focuses on whether Keynote’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Keynote’s shareholders.
If you own common stock in Keynote and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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