Levi & Korsinsky is investigating the Board of Directors of Actuate
Corporation (“Actuate” or “the Company”) (NasdaqGS:BIRT) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to OpenText Corporation.
Click here to learn more about the investigation: http://zlk.9nl.com/actuate-birt.
Under the terms of the transaction, Actuate shareholders will receive
$6.60 in cash for each share of Actuate stock they own. The
investigation concerns whether the Board of Actuate breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
OpenText Corporation is underpaying for Actuate shares. In particular,
at least one analyst set a price target for Actuate stock at $7.00 per
share.
If you own Actuate common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/actuate-birt.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
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