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LOS ANGELES--([ BUSINESS WIRE ])--The Law Offices of Todd M. Garber announces that it is investigating potential claims against the Board of Directors of Ariba Inc. (aAribaa or the aCompanya) (NASDAQ:ARBA) related to the proposed acquisition of the Company by SAP AG. The transaction is valued at approximately $4.3 billion or $45 per share.

This investigation concerns whether the Board of Directors of Ariba breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $22.12 on August 19, 2011 to $39.70 on May 7, 2012. Further, at least one analyst has set a target price for the Companyas stock at $50.00.

If you are a shareholder of Ariba, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to [ info@toddgarberlaw.com ].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.