SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Oplink Communications, Inc. And Encourage...
24 Novembre 2014 - 11:56PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Oplink Communications, Inc.
(“Oplink” or the “Company”) (NASDAQ: OPLK) relating to the proposed
buyout of the Company by Koch Optics, Inc., a wholly owned
subsidiary of Koch Industries, Inc. (“Koch”).
On November 19, 2014, Oplink and Koch announced the signing of a
definitive agreement pursuant to which Koch will acquire Oplink in
a transaction valued at approximately $445 million. Under the terms
of the transaction, Oplink shareholders are anticipated to receive
$24.25 in cash for each share of Oplink common stock they own.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock. In particular, according to Yahoo! Finance, at least one
Wall Street analyst has issued a price target for Oplink stock at
$26.25 per share.
If you currently own common stock of Oplink and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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