Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Sonic Solutions

Loading...
Loading...
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sonic Solutions (the “Company”)
SNIC
for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Rovi Corporation (“Rovi”)
ROVI
for an estimated $720 million. The proposed cash-and-stock transaction offers Sonic Solutions shareholders to only receive either $14 in cash or 0.2489 share of Rovi for each share of Sonic Solutions tendered and accepted in the exchange offer. According to Yahoo! Finance, at least one analyst values the Sonic Solutions' common stock at $17 per share.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsM&AApplication SoftwareInformation Technology
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...