Energy News / Shareholders Foundation, Inc.

NYSE:DATA Investor Alert: Investigation of Takeover of Tableau Software, Inc.

Via: ReleaseWire

Updated 11:00 AM CDT, Tue, June 18,2019

An investigation on behalf of investors of Tableau Software, Inc. (NYSE: DATA) in connection with the proposed takeover was announced and NYSE: DATA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 06/18/2019 -- The takeover of Tableau Software, Inc. is under investigation concerning whether the acquisition is unfair to NYSE: DATA stockholders.

Investors who purchased shares of Tableau Software, Inc. (NYSE: DATA) and currently hold any of those NYSE: DATA shares 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 officers and directors of Tableau Software, Inc. breached their fiduciary duties owed to NYSE: DATA investors in connection with the proposed acquisition.

Seattle, WA based Tableau Software, Inc., together with its subsidiaries, provides business analytics software products. On June 10, 2019, Salesforce (NYSE:CRM) and Tableau Software (NYSE: DATA) have entered into an agreement under which Salesforce will acquire Tableau in an all-stock transaction, pursuant to which each share of Tableau Class A and Class B common stock will be exchanged for 1.103 shares of Salesforce common stock, representing an enterprise value of $15.7 billion (net of cash), based on the trailing 3-day volume weighted average price of Salesforce's shares as of June 7, 2019, valuing the offer at $177.88 per share based on Salesforce Friday closing price.

However, the investigation concerns whether the offer is unfair to NYSE: DATA stockholders. More specifically, the investigation concerns whether the Tableau 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.

Those who are current investors in Tableau Software, Inc. (NYSE: DATA) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysedata-investor-alert-investigation-of-takeover-of-tableau-software-inc-1234403.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com