Harwood Feffer LLP Announces Investigation of Ariba, Inc.

NEW YORK, May 24, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Ariba, Inc. ("Ariba" or the "Company") (NASDAQ: ARBA) concerning the proposed acquisition of the Company by SAP in a transaction valued at approximately $4.5 billion. 

On May 22, 2012, it was announced that Ariba and SAP have entered into a definitive agreement pursuant to which SAP will acquire Ariba.  Under the agreement, Ariba shareholders will receive $45.00 in cash per share held.  At least one analyst has set a target price for Ariba stock of $50.00 per share.

Our investigation concerns whether the Ariba 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 shareholders. 

If you own Ariba 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:

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