BALA CYNWYD, Pa., Sept. 9, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Apigee
Corporation ("Apigee" or "the Company") (Nasdaq- APIC-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Google, a
subsidiary of Alphabet Inc. ("Google").
Click here to learn more about the investigation
http://brodsky-smith.com/1117-apic-apigee-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Apigee shareholders will
receive only $17.40 in cash for each
share of Apigee stock they own. The investigation concerns whether
the Board of Apigee breached their fiduciary duties to
shareholders and whether Google is underpaying for the Company. The
transaction may undervalue the Company and would result in no real
gain for many Apigee shareholders. For example, the premium being
paid to Apigee shareholders is below the premium paid in comparable
transactions and represents no real increase above the Company's
recent initial public offering price. In addition an analyst has
set a $19.00 per share price target
for Apigee stock.
If you own shares of Apigee stock and wish to discuss the legal
ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/1117-apic-apigee-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC