RUCKUS SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Ruckus Wireless, Inc. (RKUS) Over the Proposed...
08 Abril 2016 - 3:12PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Ruckus Wireless, Inc.
(“Ruckus” or the “Company”) (NYSE:RKUS) for potential breaches of
fiduciary duties in connection with the sale of the Company to
Brocade Communications Systems, Inc. (“Brocade”) for approximately
$1.5 billion.
The Company’s stockholders will only receive $6.45 in cash and
0.75 shares of Brocade common stock for each share of Company
common stock they own. Based on the closing price on April 7, 2016,
the transaction values Ruckus at a price of $13.87 per share.
However, this consideration is below at least one analyst’s price
target of $15.00 per share.
Click here for more information:
www.faruqilaw.com/RKUS. There is no cost or
obligation to you.
The investigation focuses on whether Ruckus’ Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Ruckus’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Ruckus and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/RKUS or contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
(877) 247-4292Phone: (212) 983-9330
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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version on businesswire.com: http://www.businesswire.com/news/home/20160408005850/en/
Faruqi & Faruqi, LLPJuan Monteverde, Esq.(877) 247-4292 or
(212) 983-9330jmonteverde@faruqilaw.com
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