Harwood Feffer LLP Announces Investigation of Actuate Corporation

NEW YORK, Dec. 8, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Actuate Corporation ("Actuate" or the "Company") (NASDAQ: BIRT) concerning the proposed acquisition of the Company by OpenText Corporation ("OpenText").      

Under the terms of the transaction, OpenText would purchase Actuate in a transaction valued at approximately $330 million.  Actuate shareholders would receive $6.60 cash for each share of Actuate owned. 

Our investigation concerns whether the Actuate board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Actuate shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP