Energy News / Shareholders Foundation, Inc.

NASDAQ:CALD Investor Alert: Investigation of Takeover of Callidus Software Inc

Via: ReleaseWire

Updated 12:00 PM CST, Tue, February 06,2018

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

San Diego, CA -- (SBWIRE) -- 02/06/2018 -- An investigation was announced for investors, who currently hold NASDAQ:CALD shares, concerning whether the takeover of Callidus Software Inc. by SAP SE for $36.00 per share.

Investors in shares of Callidus Software Inc. (NASDAQ:CALD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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

On January 30, 2018, SAP SE (NYSE: SAP) and Callidus Software Inc. (doing business as CallidusCloud®) (Nasdaq: CALD) announced that SAP America, Inc. has entered into an agreement to acquire CallidusCloud. Under the terms of the proposed transaction investors in Callidus Software Inc. (NASDAQ:CALD) will received $36.00 per share.

However, given that at least one analyst has set the high price target for NASDAQ:CALD at $37.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:CALD stockholders. More specifically, the investigation concerns whether the Callidus 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 Callidus Software Inc. (NASDAQ:CALD) closed on February 5, 2018 at $35.90 per share.

Those who are current investors in Callidus Software Inc. (NASDAQ:CALD) 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/nasdaqcald-investor-alert-investigation-of-takeover-of-callidus-software-inc-927424.htm

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