An investigation on behalf of investors of Guidance Software, Inc. (NASDAQ:GUID) in connection with the proposed takeover was announced and NASDAQ:GUID stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/07/2017 -- The takeover of Guidance Software is under investigation over possible wrongdoing. The investigation was announced for investors in shares of Guidance Software, Inc. (NASDAQ:GUID), concerning whether the takeover of Guidance Software, Inc. by OpenText for $7.10 per share is unfair.
Investors who purchased shares of Guidance Software, Inc. (NASDAQ:GUID) and currently hold any of those NASDAQ:GUID shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Guidance Software, Inc. breached their fiduciary duties owed to NASDAQ:GUID investors in connection with the proposed acquisition.
On July 26, 2017, Guidance Software, Inc. (NASDAQ:GUID) announced that it has entered into an agreement to be acquired by OpenText™ (NASDAQ:OTEX) (TSX:OTEX). Under the terms of the merger agreement, OpenText will commence a tender offer to acquire all outstanding shares of Guidance Software common stock in a transaction valued at approximately $240 million. Subject to the terms and conditions of the offer, G Guidance Software, Inc. stockholders will receive $7.10 per share in cash for each outstanding share of common stock held.
However, given that at least one analyst has set the high target price for NASDAQ:GUID shares at $10.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:GUID stockholders. More specifically, the investigation concerns whether the Guidance Software 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 Guidance Software, Inc. (NASDAQ:GUID) closed on August 4, 2017 at $7.08 per share.
Those who are current investors in Guidance Software, Inc. shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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