Guidance Software, Inc. (NASDAQ:GUID) Investor Investigation Over Possible Wrongdoing In Acquisition Announced

If you purchased shares of Guidance Software, Inc. (NASDAQ:GUID) and currently hold any of those NASDAQ:GUID shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Guidance Software
Affected Securities: 

July 28, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Guidance Software, Inc. (NASDAQ:GUID), was announced concerning whether the takeover of Guidance Software, Inc. by OpenText for $7.10 per share is unfair to NASDAQ:GUID stockholders.

The investigation by a law firm concerns whether certain officers and directors of Guidance Software, Inc. breached their fiduciary duties owed to NASDAQ:GUID investors in connection with the proposed acquisition.

On July 26, 2017, Guidance Software, Inc. (NASDAQ:GUID) announced that it has entered into an agreement to be acquired by OpenText™ (NASDAQ:OTEX) (TSX:OTEX). Under the terms of the merger agreement, OpenText will commence a tender offer to acquire all outstanding shares of Guidance Software common stock in a transaction valued at approximately $240 million. Subject to the terms and conditions of the offer, G Guidance Software, Inc. stockholders will receive $7.10 per share in cash for each outstanding share of common stock held.

However, given that at least one analyst has set the high target price for NASDAQ:GUID shares at $10.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:GUID stockholders. More specifically, the investigation concerns whether the Guidance Software Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.