SAN DIEGO, July 13, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Imprivata, Inc.
(NYSE: IMPR) breached their fiduciary duties in connection with the
proposed sale of the Company to an affiliate of Thoma Bravo, LLC.
Additional Information:
Imprivata is an IT security company that provides authentication
and access management technology solutions for the healthcare
industry in the United States, the
United Kingdom, and
internationally.
On July 13, 2016, Imprivata
announced it had signed a definitive merger agreement with
Thoma Bravo. Under the terms of the
agreement, Imprivata stockholders will receive $19.25 per share in cash.
The investigation concerns whether the Imprivata board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Imprivata
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration; especially given that the price target for
one Wall Street analyst is $20.00. The 52-week high for Imprivata
stock is $21.63.
If you are a shareholder of Imprivata and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If
emailing, please include a phone number where you can be
reached.
About Johnson & Weaver, LLP:
Johnson &
Weaver, LLP is a nationally recognized shareholder rights law firm
with offices in California,
New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonandweaver.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP