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Law Offices of Howard G. Smith Announces Investigation of BigBand Networks, Inc.

Date : 10/11/2011 @ 7:58PM
Source : Business Wire
Stock : Bigband Networks (MM) (BBND)
Quote : 2.26  0.0 (0.00%) @ 2:05AM
Bigband Networks (MM) share price Chart

Law Offices of Howard G. Smith Announces Investigation of BigBand Networks, Inc.

Bigband Networks (MM) (NASDAQ:BBND)
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Law Offices of Howard G. Smith 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.



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