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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of TiVo Inc (NASDAQ: TIVO) acted responsibly on behalf of investors’ profitability in the planned $1.1 billion sale to Rovi Corporation (NASDAQ: ROVI).
On April 29, 2016, TiVo Inc (NASDAQ: TIVO) and Rovi Corporation (NASDAQ: ROVI) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Rovi will offer TiVo shareholders $10.70 per share in cash for all outstanding shares.
Based in San Jose, CA, and founded in 1997 TiVo Inc provides video technology software services and cloud-based software-as-a-service solutions that enable viewers to consume content across numerous screens.
The investigation is looking to uncover whether TiVo Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $18.00 per share.
If you purchased TiVo Inc (NASDAQ: TIVO) prior to April 29, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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