San Diego, CA — 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 [email protected] 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 CallidusCloudÂ®) (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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego