SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Overland Storage, Inc. in Connection with the Proposed Sale of...
2014年5月21日 - 5:10AM
ビジネスワイヤ(英語)
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
Overland Storage, Inc. (“Overland” or the “Company”) (NasdaqCM:
OVRL) and other violations of state law by the board of directors
of Overland Storage relating to the proposed buyout of the Company
by Sphere 3D Corporation (“Sphere 3D”).
Under the terms of the transaction, Overland Storage
shareholders will receive 0.510594 shares of Sphere 3D for each
share of Overland Storage stock they own, representing an
approximate value of $4.43 per share. The firm’s investigation
seeks to determine, among other things, whether the Company’s board
of directors breached their fiduciary duties by failing to maximize
shareholder value before agreeing to enter into this transaction,
and whether Sphere 3D is underpaying for Overland Storage
shares.
If you currently own common stock of Overland Storage and would
like to learn more about the investigation being conducted by
Brower Piven, without cost or obligation to you, click here:
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. Those who inquire by email are encouraged to include
their mailing address and telephone number.
Attorneys at Brower Piven together have more than a century of
experience litigating securities and other class action cases.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
Overland Storage (NASDAQ:OVRL)
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