Glancy Binkow & Goldberg LLP Announces Investigation of BigBand Networks, Inc.
13 Ottobre 2011 - 8:14PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
BigBand Networks, Inc. (“BigBand” or the “Company”) (NASDAQ:BBND)
related to the proposed acquisition of the Company by Arris Group,
Inc. The transaction is valued at approximately $32 million or
$2.24 per share.
The investigation concerns whether the Board of Directors of
BigBand breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. BigBand
stock traded as high as $3.28 on November 5, 2010. Further, at
least one analyst has set a target price for the Company’s stock at
$2.75.
If you are a shareholder of BigBand, if you have information or
would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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