Energy News / Shareholders Foundation, Inc.

BroadSoft Inc (NASDAQ:BSFT) Investor Investigation of Takeover by Cisco

Via: ReleaseWire

Updated 2:01 PM CDT, Mon, October 30,2017

An investigation on behalf of investors of BroadSoft Inc (NASDAQ:BSFT) in connection with the proposed takeover was announced and NASDAQ:BSFT stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 10/30/2017 -- An investigation was announced for investors in shares of BroadSoft Inc (NASDAQ:BSFT) concerning whether the takeover of BroadSoft Inc. by Cisco is unfair.

Investors who purchased shares of BroadSoft Inc (NASDAQ:BSFT) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of BroadSoft Inc breached their fiduciary duties owed to NASDAQ:BSFT investors in connection with the proposed acquisition.

On October 23, 2017 – Cisco (NASDAQ: CSCO) and BroadSoft Inc (NASDAQ:BSFT) announced an agreement for Cisco to acquire publicly-held BroadSoft Inc (NASDAQ:BSFT). Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft Inc (NASDAQ:BSFT), or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt.

However, the investigation concerns whether the offer is unfair to NASDAQ:BSFT stockholders. More specifically, the investigation concerns whether the BroadSoft Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in BroadSoft Inc (NASDAQ:BSFT) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/broadsoft-inc-nasdaqbsft-investor-investigation-of-takeover-by-cisco-884765.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com