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Sybase, Inc. Investors Filed Lawsuit Against SAP Bid

  • If you currently hold shares of Sybase, Inc. (NYSE:SY), you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in Sybase filed a lawsuit in California Court on behalf of current investors in Sybase, Inc. (NYSE:SY) to block SAP AG’s proposed $5.8billion takeover alleging breaches of fiduciary duty by the board of directors of Sybase for selling Sybase too cheap to SAP AG. Last Wednesday Sybase, Inc. (NYSE: SY) and SAP AG (NYSE: SAP) announced that SAP’s subsidiary, SAP America, Inc...



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