Faruqi & Faruqi Investigation: Envivio, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Envivio, Inc. (“Envivio” or the “Company”) (NasdaqGS:ENVI) for potential breaches of fiduciary duties in connection with the sale of the Company to Ericsson for approximately $125 million in a cash transaction.
The Company’s stockholders will only receive $4.10 for each share of Company common stock they own. However, the offer provides an inadequate premium over the Company’s 52-week high price of $4.09 per share.
If you own common stock in Envivio and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.