Law Firm Brower Piven Announces Investigation of BigBand Networks, Inc.
12 Outubro 2011 - 11:34AM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of BigBand Networks, Inc. (“BigBand”)
(NASDAQ: BBND) and other violations of state law by the board of
directors of BigBand relating to the proposed acquisition of the
company by ARRIS Group, Inc. (“ARRIS”). The firm’s investigation
seeks to determine, among other things, whether the board breached
their fiduciary duties by failing to maximize shareholder
value.
On October 11, 2011, ARRIS and BigBand jointly announced that
they had entered into a definitive agreement whereby ARRIS will
acquire BigBand for $2.24 per share in cash. However, according to
Yahoo! Finance, at least one analyst has set a high price target of
$2.75 per share.
If you currently own shares of BigBand 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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