SHAREHOLDER ALERT: Brower Piven Commences an Investigation Into the Proposed Sale of Ruckus Wireless, Inc. & Encourages Inves...
06 Abril 2016 - 1:52PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that it is investigating
potential legal claims against the board of directors of Ruckus
Wireless, Inc. (“Ruckus” or the “Company”) (NYSE: RKUS)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Brocade Communications Systems, Inc., in a
transaction valued at approximately $1.5 billion.
Under the terms of the agreement, shareholders of Ruckus common
stock will receive 0.75 shares of Brocade common stock and $6.45 in
cash for each share of Ruckus common stock held. The firm’s
investigation seeks to determine, among other things, whether the
Company’s Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the
best price possible for the Company’s shares of common stock.
According to Yahoo! Finance, at least one analyst has issued a
price target for Ruckus stock at $15.00 per share.
If you currently own the Company’s common stock and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160406006354/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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