Science & Technology
Tue, January 17, 2012
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Convio, Inc. (aConvioa or the aCompanya) (Nasdaq: CNVO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Blackbaud, Inc. (Nasdaq: BLKB). Under the terms of the transaction, Convio shareholders will receive $16.00 per share of Convio stock they own for a total transaction value of approximately $294 million.
Click here to learn how to join the action: [ http://www.zlk.com/convio-cnvo ], or call: 877-363-5972.
The investigation concerns whether the Convio Board of Directors breached their fiduciary duties to Convio stockholders by failing to adequately shop the Company before entering into this transaction and whether Blackbaud, Inc. is underpaying for Convio shares, thus unlawfully harming Convio stockholders. In particular, at least one analyst set a price target of $17.00 per Convio share.
If you own common stock in Convio and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or [ http://www.zlk.com ].
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
