Law Firm Brower Piven Announces Investigation in Connection With the Acquisition of Network Engines, Inc. by UNICOM Systems, ...
2012年6月21日 - 4:41AM
ビジネスワイヤ(英語)
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Network Engines, Inc. (NASDAQ: NEI)
(“NEI”) and other violations of state law by the board of directors
of NEI relating to the proposed acquisition of the company by
UNICOM Systems, Inc. (“UNICOM”). The firm’s investigation seeks to
determine, among other things, whether the board breached its
fiduciary duties by failing to maximize shareholder value.
On June 19, 2012, NEI announced that it had entered into a
definitive merger agreement providing for UNICOM to acquire NEI for
approximately $63.2 million. Under the terms of the merger
agreement, NEI shareholders will receive $1.45 for each share of
NEI common stock held. However, according to Yahoo! Finance,
analysts have set a mean price target of $2.00 per share, and NEI
shares have traded above the deal price as recently as April 3,
2012.
If you currently own shares of NEI and would like to learn more
about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to
you, attempt to answer your questions. You may contact Brower Piven
by email at hoffman@browerpiven.com, by calling (410) 415-6616, or
at Brower Piven, A Professional Corporation, 1925 Old Valley Road,
Stevenson, Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and other class action cases of
over 60 years.
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