OPLINK COMMUNICATIONS (OPLK) INVESTIGATION - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Oplink Communica...
20 Novembre 2014 - 2:09PM
Business Wire
Andrews & Springer LLC, a boutique securities class
action law firm focused on representing shareholders nationwide, is
investigating potential breach of fiduciary duty claims against the
Board of Directors of Oplink Communications Inc. (NASDAQ: OPLK)
(“Oplink” or the “Company”) relating to the sale of the Company to
Koch Optics (“Koch”). On November 19, 2014, the two companies
announced the signing of a definitive merger agreement pursuant to
which Koch will acquire Oplink in a merger via a tender offer. As a
result of the merger, Oplink shareholders are only anticipated to
receive $24.25 per share in cash in exchange for each share of
Oplink.
Andrews & Springer’s investigation has uncovered that the
process leading up to the announcement of the merger appears to
have some substantial conflicts of interest, thus making the
process and consideration unfair. The consideration Oplink
shareholders are expected to receive is also inadequate. While the
Company claims that shareholders will receive a premium for their
shares, analysts at Yahoo! Finance have set a $26.50 per share
price target for Oplink, which is approximately 9.27% more than
what Oplink shareholders are expected to receive.
If you own shares of Oplink and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/OPLK or contact
Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or
call toll free at 1-800-423-6013. You may also follow us on
LinkedIn – www.linkedin.com/company/andrews-&-springer-llc,
Twitter – www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
Advertising.
Andrews & Springer LLCCraig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
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