The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of The Active Network, Inc. (NYSE: ACTV) (“Active Network”) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vista Equity Partners.
Under the terms of the transaction, Active Network shareholders will receive $14.50 for each share of Active Network stock they own. The transaction has a total approximate value of $1.05 billion. The investigation concerns whether the Active Network Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Active Network shareholders.
If you own common stock in Active Network and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://wongesq.9nl.me/active-network/.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.