Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Acme Packet, Inc. Shareholders
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130205:nBw056531a 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 firstname.lastname@example.org, 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 email@example.com Copyright Business Wire 2013
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