Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Pervasive Software, Inc. (PVSW)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pervasive Software, Inc. (“Pervasive” or the “Company”) (NASDAQ: PVSW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Actian Corporation in an all-cash deal valued at approximately $154 million. Under the terms of the proposed transaction, Pervasive’s stockholders will receive $8.50 in cash for each share of Pervasive common stock they own.
Whether Pervasive’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 the proposed transaction undervalues Pervasive’s shares and by how much this proposed transaction undervalues the Company to the detriment of Pervasive’s shareholders are the key focus of this investigation.
If you own common stock in Pervasive 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
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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