N🟁N

DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale of [ Ariba, Inc. ] (aAribaa or aARBAa) (NASDAQ: ARBA) to SAP AG subsidiary, SAP America, Inc. for shareholders. Under the proposed transaction, Ariba shareholders will only receive $45.00 in cash for each share of Ariba/ARBA stock owned, which is well below at least one analystas estimated value of $50.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The definitive merger agreement is valued at approximately $4.3 billion and is expected to close during the third quarter of 2012.

According to shareholder rights attorney Willie Briscoe, aThe investigation relates to the fairness of the proposed transaction to Aribaas shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. Notably, at least one analyst at Yahoo! Financial estimates that the true inherent value of the company is $50.00 per share. Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue Ariba stock. Our lawsuit will seek to obtain the highest share price for all shareholders.a

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.