TubeMogul, Inc. (TUBE)

[tedkov]

TubeMogul (TUBE) Alert: Tripp Levy PLLC Launches an Investigation into the Fairness of Price and Process in Proposed Sa...


New York, Nov. 10, 2016 /PRNewswire/ -- Tripp Levy PLLC has launched an investigation into whether the board members of TubeMogul, Inc. (NASDAQ: TUBE) breached their fiduciary duties in connection with the proposed sale of the Company to Adobe Systems Incorporated.

On November 10, 2016, TubeMogul announced it had signed a definitive merger agreement with Adobe. Under the terms of the agreement, Adobe will acquire all of the outstanding shares of TubeMogul common stock for $14.00 per share in cash.

The investigation concerns whether the TubeMogul 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 TubeMogul shares of common stock.

If you are a shareholder of TubeMogul and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact us at 800.511.7037 or email at [e-mail]