NEW YORK, March 27, 2012 /PRNewswire/
-- Harwood Feffer LLP (www.hfesq.com) is investigating
potential claims against the board of directors of Opnext, Inc.
("Opnext" or the "Company") (NASDAQ: OPXT) concerning the proposed
acquisition of the Company by Oclaro, Inc. ("Oclaro") in a
transaction valued at approximately $177
million.
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On March 27, 2012, it was
announced that Opnext and Oclaro have entered into a definitive
agreement pursuant to which Oclaro will acquire Opnext. Under
the agreement, Opnext shareholders will receive $1.96 in cash per share held.
Our investigation concerns whether the board of directors is
fulfilling its fiduciary duties, maximizing the value of Opnext,
disclosing all material benefits and costs and obtaining full and
fair consideration for Opnext shareholders.
If you own Opnext shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP