SuccessFactors, Inc. (Nasdaq: SFSF) Investigated by Rigrodsky & Long, P.A. Over Its Sale to SAP AG

  • Do you own shares of SuccessFactors, Inc. (NYSE: SFSF)?
  • Did you buy any shares before December 3, 2011?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience.  R & L is investigating potential claims against the board of directors of SuccessFactors, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by SAP AG for approximately $3.4 billion.

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Rigrodsky & Long, P.A. Investigates SuccessFactors, Inc.'s Sale to SAP AG for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of SuccessFactors, Inc. (“SuccessFactors” or the “Company”) (NYSE: SFSF) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by SAP AG (“SAP”) in a transaction with an approximate enterprise value of $3.4 billion.

Under the proposed agreement, SAP will commence a tender offer to acquire all of the outstanding shares of SuccessFactors’ common stock at a price of $40.00 per share in cash.

The investigation concerns whether SuccessFactors’ board of directors adequately shopped the Company to obtain the best price possible for SuccessFactors’ shareholders before entering into the agreement with SAP.  Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $45.00 per share for SuccessFactors stock.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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