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| Protecting the Rights of Shareholders and Consumers |
Omniture, Inc. Securities Litigation
Omniture, Inc. (NasdaqGS: OMTR) shareholder litigation over alleged unfair takeover
On September 15, 2009, Omniture, Inc. (“Omniture” or the “Company”) announced that it agreed to sell the
Company to Adobe Systems Inc. Under the terms of the agreement, Omniture shareholders would receive $21.50 per share
in cash for each Omniture share they own for a total transaction is valued at approximately $1.8 billion. The investigation
concerns whether the Omniture Board of Directors breached their fiduciary duties to Omniture shareholders by failing to
conduct a fair an open sales process in order to maximize shareholder value. Furthermore, at least one analyst set a $25
price target for Omniture stock.
On September 15, 2009, Omniture, Inc. (“Omniture” or the “Company”) announced that it agreed to sell the
Company to Adobe Systems Inc. Under the terms of the agreement, Omniture shareholders would receive $21.50 per share
in cash for each Omniture share they own for a total transaction is valued at approximately $1.8 billion. The investigation
concerns whether the Omniture Board of Directors breached their fiduciary duties to Omniture shareholders by failing to
conduct a fair an open sales process in order to maximize shareholder value. Furthermore, at least one analyst set a $25
price target for Omniture stock.
