Glancy Prongay & Murray LLP is Investigating Meru Networks, Inc. Board of Directors
27 Maggio 2015 - 9:05PM
Business Wire
Glancy Prongay & Murray LLP is investigating potential
claims against the Board of Directors of Meru Networks, Inc.
(“Meru” or the “Company”) (NASDAQ:MERU) related to the proposed
acquisition of the Company by Fortinet Inc. (NASDAQ:FTNT). The
transaction is valued at approximately $44 million. The Company’s
shareholders will receive $1.63 per share in cash for each share of
Meru they own.
This investigation concerns whether the Board of Directors of
Meru 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.
Further, at least one analyst has set a price target of $4.00 for
Meru shares.
If you are a shareholder of Meru, if you have information or
would like to learn more about our investigation, or if you wish to
discuss your rights or interests with respect to these matters,
please contact Louis Boyarsky, Esquire, Glancy Prongay & Murray
LLP, 1925 Century Park East, Suite 2100, 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150527006479/en/
Glancy Prongay & Murray LLPLouis Boyarsky, Esquire(310)
201-9150 or Toll Free at (888)
773-9224shareholders@glancylaw.com.
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