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Investigation for Investors in shares of TiVo Corporation (NASDAQ: TIVO) over potential Wrongdoing in Acquisition

02-05-2020 04:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors of TiVo Corporation (NASDAQ: TIVO) in connection with the proposed takeover was announced.

An investigation on behalf of investors of TiVo Corporation (NASDAQ: TIVO) in connection with the proposed takeover was announced.

An investigation was announced concerning whether the takeover of TiVo Corporation is unfair to NASDAQ: TIVO stockholders.

Investors who purchased shares of TiVo Corporation (NASDAQ: TIVO) and currently hold any of those NASDAQ: TIVO 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 TiVo Corporation breached their fiduciary duties owed to NASDAQ: TIVO investors in connection with the proposed acquisition.

San Jose, CA based TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. On December 19, 2019, Xperi Corporation (Nasdaq: XPER) and TiVo Corporation (Nasdaq: TIVO) announced they entered into an agreement to combine in an all-stock transaction, representing approximately $3 billion of combined enterprise value. The merger agreement provides for a 0.455 fixed exchange ratio. Based on a closing price of $20.94 per NASDAQ: XPER share investors in NASDAQ: TIVO will receive a value of approximately $9.53 per NASDAQ: TIVO shares they hold.

However, given that at least one analyst has set the high target price for NASDAQ: TIVO shares at $19.00 per share and given that NASDAQ: TIVO shares traded in early 2019 at $11.64 per share, the investigation concerns whether the offer is unfair to NASDAQ: TIVO stockholders. More specifically, the investigation concerns whether the TiVo 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.

On February 4, 2020, NASDAQ: TIVO shares closed at $7.13 per share.

Those who are current investors in TiVo Corporation (NASDAQ: TIVO) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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