Engel Law PLLC is investigating whether fair value to Avid Technology, Inc. (NASDAQ: AVID) shareholders will result from the proposed acquisition of Avid by an affiliate of STG for $27.05 in cash for each Avid share.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.