MILWAUKEE, Oct. 10, 2018 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Imperva Technologies
Corporation (Nasdaq:IMPV) for possible breaches of fiduciary duty
and other violations of the law in connection with the sale of
Imperva to Thoma Bravo.
Click here to learn how to join the action:
http://ademilaw.com/case/imperva or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Imperva's long-term financial
outlook is improving and yet Imperva shareholders will receive the
equivalent of only $55.75 for each
share of Imperva common stock. Thoma
Bravo is well aware of Imperva's improving financial metrics
and is purchasing Imperva at a substantial discount. The
merger agreement unreasonably limits competing bids for Imperva by
(i) prohibiting solicitation of any further bids, and (ii) imposing
a termination penalty should Imperva receive and accept a superior
bid. Imperva insiders, their affiliates and other major
shareholders own significant voting stock, and will receive
millions of dollars as part of change of control arrangements, and
therefore can unduly influence a sale of Imperva. Our investigation
centers on the conduct of Imperva's Board of Directors, who have
unanimously approved the transaction, and whether they are (i)
fulfilling their fiduciary duties to all shareholders, and (ii)
obtaining a fair and reasonable price for Imperva given its current
financial condition and prospects.
If you own common stock in Imperva and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/imperva.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP