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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Envivio Inc (NASDAQ: ENVI) acted responsibly on behalf of investors’ profitability in the planned $125 Million sale to Ericsson (NASDAQ: ERIC).
On September 10, 2015, Envivio Inc (NASDAQ: ENVI) and Ericsson (NASDAQ: ERIC) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Ericsson will offer Envivio shareholders $ $4.10 per share in cash for all outstanding shares.
Based in San Francisco, CA, and founded in 2000 Envivio Inc provides software-based IP video processing and distribution solutions via its suite of products consisting of Muse, Halo, Guru, Envivio appliances, and Nuage. The company also offers on-site project assessment, systems integration, on-site delivery, and operational and customer support services.
The investigation focuses on whether NASDAQ: ENVI investors received the highest price and whether the directors of Envivio Inc acted in the best interest of Envivio Inc company and its shareholders.
If you purchased Envivio Inc (NASDAQ: ENVI) prior to September 10, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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