Finkelstein Thompson LLP Announces Investigation of BigBand Networks, Inc.
2011年10月15日 - 1:32AM
ビジネスワイヤ(英語)
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of BigBand Networks, Inc. (“BigBand” or the
“Company”) (Nasdaq: BBND) concerning the proposed acquisition of
the Company by Arris Group, Inc. Under the terms of the offer,
BigBand shareholders will receive $2.24 in cash for each share they
own in a transaction valued at approximately $172 million, or $53
million net of BigBand cash on hand.
The investigation is focused on the potential unfairness of the
consideration to BigBand shareholders, the process by which the
Board of Directors considered the transaction, and potential
conflicts of interests among BigBand Board members. Shareholders
holding 32% of the outstanding shares of the Company have agreed to
tender their shares in the offer. Shares of BigBand traded as high
as $3.28 on November 5, 2010, and according to Yahoo! Finance, at
least one analyst has set a price target of $2.75.
If you are interested in discussing your rights as a BigBand
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
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