Law Office of Brodsky & Smith, LLC Announces Investigation of BigBand Networks, Inc.
2011年10月15日 - 12:30PM
ビジネスワイヤ(英語)
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
BigBand Networks, Inc. (“BigBand” or the “Company”) (Nasdaq – BBND)
relating to the proposed acquisition by Arris Group, Inc.
Under the terms of the proposed transaction BigBand shareholders
would receive $2.24 in cash for each share of BigBand stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
BigBand for not acting in the Company’s shareholders' best
interests in connection with the sale process. The transaction may
undervalue the Company as BigBand stock traded at $2.81 on January
6, 2011, and traded at $2.56 as recently as April 29, 2011 Further,
an analyst has set a price target of $2.75 for each share of
BigBand stock.
If you own shares of BigBand stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/341-bbnd-bigband-networks-inc.html, or by
calling toll free 877-LEGAL-90.
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