DALLAS, Sept. 16, 2009 LawFuel.com — Kendall Law Group, led by a former federal judge and former U.S. Attorney, announces a shareholder investigation of the board of directors of Omniture Inc. (Nasdaq:OMTR) for potential breaches of fiduciary duty and other violations of state law concerning their attempt to sell the Company to Adobe Systems Incorporated.
The firm’s investigation is to determine if the board of directors failed to conduct an open and fair auction process. On September 15, 2009, Omniture and Adobe announced that they have entered into a definitive agreement for Adobe to acquire Omniture in a transaction valued at approximately $1.8 billion. Under the terms of the agreement, Adobe will commence a tender offer to acquire all of the outstanding common stock of Omniture for $21.50 per share in cash.
Kendall Law Group has nationwide experience representing investors in mergers and acquisitions, at no cost to shareholders. For information about your rights as an Omniture shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at [email protected]
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