Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Acme Packet, Inc. Shareholders

Tue Feb 5, 2013 12:09pm EST

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NEW YORK--(Business Wire)--
Kirby McInerney LLP is investigating potential claims against the Board of
Directors of Acme Packet, Inc. ("Acme" or the "Company") (NASDAQ: APKT) related
to the proposed acquisition of the Company by Oracle Corp. ("Oracle"). Under the
terms of the agreement, Oracle will acquire all of the outstanding common stock
of Acme for $29.25 per share in cash, or a total equity value of approximately
$2.1 billion. 

The investigation concerns whether the Acme Board of Directors violated its
fiduciary duties by agreeing to this transaction and whether the proposed $29.25
per share adequately values Acme common shares. Acme stock traded above the
offer price as recently as May 3, 2012, when it reached $30.21 per share, and
the 52-week high for the stock is $36.27. Further, at least one analyst has a
price target of $30.00 a share. 

If you are an Acme shareholder and wish to obtain additional information, please
contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, by telephone at
(212) 699-1145 or (888) 529-4787, or by filling out this contact form. 

Kirby McInerney LLP is a New York-based law firm concentrating in securities,
shareholder, whistleblower, antitrust and consumer litigation. For additional
information, please go to www.kmllp.com.

Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145 or 888-529-4787
bwalker@kmllp.com

Copyright Business Wire 2013

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