SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Aruba Networks, Inc.
March 03 2015 - 10:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Aruba Networks, Inc. ("Aruba Networks” or "the Company") (Nasdaq:
ARUN) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
Hewlett-Packard Company (“Hewlett-Packard”).
Click here to learn more about the investigation
http://brodsky-smith.com/897-arun-aruba-networks-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Aruba Networks shareholders
will receive only $24.67 in cash for each share of Aruba Networks
stock they own. The investigation concerns whether the Board of
Aruba Networks breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Hewlett-Packard is underpaying
for Aruba Networks. The transaction may undervalue Aruba Networks
and will result in loss or no real gain for many Aruba Networks
shareholders. For example, Aruba Network stock traded at $23.63 per
share as recently as September 11, 2014 and traded at $35.92 per
share on April 29, 2011. In addition, an analyst has set a $34.00
per share price target for Aruba Networks stock.
If you own shares of Aruba Network stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, visiting
http://brodsky-smith.com/897-arun-aruba-networks-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/897-arun-aruba-networks-inc.html