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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of OPOWER Inc (NYSE: OPWR) acted responsibly on behalf of investors’ profitability in the planned $532 million sale to Oracle Corporation (NYSE: ORCL).
On May 2, 2016, OPOWER Inc (NYSE: OPWR) and Oracle Corporation (NYSE: ORCL) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Oracle will offer OPOWER shareholders $10.30 per share in cash for all outstanding shares.
Based in Arlington, Virginia, and founded in 2007 OPOWER Inc provides cloud-based software to the utility industry.
The investigation is looking to uncover whether OPOWER Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $20.00 per share.
If you purchased OPOWER Inc (NYSE: OPWR) prior to May 2, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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