Finkelstein Thompson LLP Announces Investigation of Phase Forward Incorporated
April 16 2010 - 4:00PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Phase Forward Incorporated (NASDAQ:PFWD)
("Phase Forward" or the "Company") arising from the proposed sale
of the Company to Oracle Corporation in a transaction valued at
approximately $685 million. Under the terms of the agreement, Phase
Forward shareholders will receive $17.00 in cash for each share
owned.
The investigation is focused on the potential unfairness of the
price to Phase Forward shareholders and the process by which the
Company's Board of Directors considered and approved the
transaction. In particular, Phase Forward stock was trading above
$17.00 per share as recently as November 17, 2009, and at least one
analyst has set a target price for the stock at $18.00 per
share.
If you are interested in discussing your rights as a Phase
Forward shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson's Washington, DC
office at (877) 337-1050 or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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