A lawsuit was filed for investors in shares of MuleSoft, Inc. (NYSE: MULE) in connection with the proposed takeover and NYSE: MULE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (ReleaseWire) -- 04/16/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of MuleSoft, Inc. (NYSE: MULE), filed a lawsuit against the acquisition of MuleSoft, Inc. by Salesforce.
Investors who purchased shares of MuleSoft, Inc. (NYSE: MULE) and currently hold any of those NYSE: MULE shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: MULE stockholders by agreeing to sell MuleSoft, Inc. cheaply via an unfair process.
MuleSoft, Inc. provides Anypoint Platform that allows customers to connect their applications, data, and devices in the United States, the United Kingdom, and internationally. Its platform also enables a self-serve infrastructure through discoverable building blocks or nodes that can be used and reused to compose applications. On March 20, 2018, Salesforce (NYSE: CRM) and MuleSoft (NYSE: MULE) announced that they have entered into an agreement under which Salesforce will acquire MuleSoft for an enterprise value of approximately $6.5 billion. Under the terms of the transaction, the MuleSoft acquisition consideration will be composed of $36.00 in cash and 0.0711 shares of Salesforce common stock per MuleSoft Class A and Class B common share, which represents a per share price for MuleSoft common shares of $44.89 based on the closing price of Salesforce common stock on March 19, 2018.
However, plaintiff claims that the proposed consideration NYSE: MULE shareholders will receive is grossly inadequate and undervalues MuleSoft, Inc .MuleSoft, Inc. reported that its annual Total Revenue rose from $187.74 million in 2016 to $296.45 million in 2017. In addition, the plaintiff alleges that the process is also unfair NYSE: MULE stockholders.
Those who are current investors in MuleSoft, Inc. (NYSE: MULE) 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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