SAN DIEGO, May 31, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Marketo, Inc. (NASDAQ: MKTO)
breached their fiduciary duties in connection with the proposed
sale of the Company to Vista Equity Partners.
Additional Information:
Marketo provides cloud-based engagement marketing software platform
that enables organizations to engage in engagement marketing in
the United States, Ireland, Australia, Israel, Japan
and the United Kingdom.
On May 31, 2016, Marketo announced
it had signed a definitive merger agreement with Vista Equity.
Under the terms of the agreement Marketo shareholders will receive
$35.25 in cash for each share of
common stock.
The investigation concerns whether the Marketo board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Marketo
shares of common stock. Nationally recognized Johnson &
Weaver is investigating whether the proposed deal price represents
adequate consideration, especially given one Wall Street analyst
has a $55.00 price target on the
stock.
If you are a shareholder of Marketo and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past
results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP