Energy News / Shareholders Foundation, Inc.

Clicksoftware Technologies Ltd (NASDAQ:CKSW) Investor Alert: Investigation of Acquisition

Via: ReleaseWire

Updated 7:15 AM CDT, Wed, June 03,2015

An investigation on behalf of investors of Clicksoftware Technologies Ltd (NASDAQ:CKSW) in connection with the proposed takeover was announced and NASDAQ:CKSW stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 06/03/2015 -- An investigation on behalf of investors, who currently hold shares of Clicksoftware Technologies Ltd (NASDAQ:CKSW), was announced concerning whether the takeover of Clicksoftware Technologies Ltd. for $12.65 per share is unfair to NASDAQ:CKSW stockholders.

Investors who purchased shares of Clicksoftware Technologies Ltd (NASDAQ:CKSW) and currently hold any of those NASDAQ:CKSW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Clicksoftware Technologies Ltd breached their fiduciary duties owed to NASDAQ:CKSW investors in connection with the proposed acquisition.

On April 30, 2015, Clicksoftware Technologies Ltd (NASDAQ:CKSW) announced that it has signed an agreement to be acquired by private funds managed by Francisco Partners Management L.P. in an all-cash transaction valued at approximately $438 million.

Under the terms of the agreement, private funds managed by Francisco Partners Management L.P will acquire all of Clicksoftware Technologies Ltd's (NASDAQ:CKSW) outstanding ordinary shares for $12.65 per share in cash.

However, the investigation concerns whether the offer is unfair to NASDAQ:CKSW stockholders. More specifically, the investigation concerns whether the Clicksoftware Technologies 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.

Shares of Clicksoftware Technologies Ltd (NASDAQ:CKSW) closed on June 1, 2015, at $12.57 per share.

Those who are current investors in Clicksoftware Technologies Ltd (NASDAQ:CKSW) 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.releasewire.com/press-releases/clicksoftware-technologies-ltd-nasdaqcksw-investor-alert-investigation-of-acquisition-602039.htm

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