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Kendall Law Group Investigates Sybase, Inc. Merger for Shareholders

^{Published on 2010-05-13 09:45:10 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm, is investigating Sybase, Inc. (NYSE: SY) for shareholders in connection with the proposed sale of Sybase to SAP America, a subsidiary of SAP AG. The firma™s investigation seeks to determine whether Sybase and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Sybase shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On May 12, 2010, the companies announced that they had entered into an agreement for Sybase to be acquired by SAP for $5.8 billion. According to the agreement, Sybase shareholders will receive $65.00 per share. However, by 8 p.m. EDT on Wednesday, Sybase stock was trading in after hour markets at just under the offer price. Despite outperforming Wall Street revenue estimates for the first quarter, Sybase share prices recently took a hit in April due in part to rating downgrades from Standard & Poora™s and Jeffries & Co.. Due to these factors, the firm believes the transaction may be undervaluing the company.

Kendall Law Group was founded by a former federal judge and a former United States Attorney, and includes securities lawyers and former prosecutors who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.