Newman Ferrara LLP Announces Investigation of Acme Packet, Inc.
* Reuters is not responsible for the content in this press release.
http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130205:nBw056270a NEW YORK--(Business Wire)-- Newman Ferrara LLP is investigating potential claims against the board of directors of Acme Packet, Inc. ("Acme") (Nasdaq: APKT) concerning the proposed acquisition of Acme by Oracle Corporation ("Oracle") (Nasdaq: ORCL). On February 4, 2013, Acme announced that it had entered into an agreement and plan of merger to be acquired by Oracle in a cash deal valued at approximately $1.7 billion. Under the terms of the agreement, Acme`s shareholders will receive $29.25 in cash per share of Acme stock owned. However, Acme stock traded at above the $29.25 per share offer price as recently as May 3, 2012 when it reached $30.21 per share. The $29.25 per share offer price is also well below Acme`s 52-week trading high of $36.27 per share. Acme`s Board of Directors has unanimously approved the proposed deal which is expected to close during the first half of this year. Newman Ferrara LLP`s investigation concerns whether Acme`s Board of Directors has breached its fiduciary duties to act in the best interests of Acme`s shareholders and to take all necessary steps to ensure that Acme`s shareholders receive the maximum value readily available for their shares of Acme common stock. Concerned investors may contact Newman Ferrara attorney Roy Shimon at (212) 619-5400 or firstname.lastname@example.org to discuss this investigation, their rights, or potential remedies. Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com. Newman Ferrara LLP Roy Shimon, 212-619-5400 email@example.com Copyright Business Wire 2013
- Atheists face death in 13 countries, global discrimination: study
- Missouri executes man for killing good Samaritan motorist in 1994
- Focus turns to Thai military, anti-government protesters tell them to pick sides
- Google executives' planes saved millions in costs due to error - NASA
- Apple scores legal victory over Samsung in South Korea