Faruqi & Faruqi, LLP Announces the Investigation of TiVo Inc. (TIVO) Over the Proposed Sale of the Company to Rovi Corporation
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 TiVo Inc. (“TiVo” or the “Company”) (NASDAQ:TIVO) for potential breaches of fiduciary duties in connection with the sale of the Company to Rovi Corporation (“Rovi”) for approximately $1.1 billion.
The Company’s stockholders will only receive $10.70 for each share of Company common stock they own, consisting of $2.75 in cash and $7.95 in shares of common stock of a new holding company that will own both Rovi and TiVo. However, this consideration is below at least one analyst’s price target of $18.00 per share and TiVo’s 52-week high of $11.00 per share.
If you own common stock in TiVo and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan 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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