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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Actuate Corporation Regarding the Fairness of the Sale of the Company to OpenText Corporation
[December 08, 2014]

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Actuate Corporation Regarding the Fairness of the Sale of the Company to OpenText Corporation


Levi & Korsinsky is investigating the Board of Directors of Actuate (News - Alert) Corporation ("Actuate" or "the Company") (NasdaqGS:BIRT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to OpenText Corporation.

Click here to learn more about the investigation: http://zlk.9nl.com/actuate-birt.

Under the terms of the transaction, Actuate shareholders will receive $6.60 in cash for each share of Actuate stock theyown. The investigation concerns whether the Board of Actuate breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether OpenText Corporation is underpaying for Actuate shares. In particular, at least one analyst set a price target for Actuate stock at $7.00 per share.



If you own Actuate common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/actuate-birt.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.



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