Faruqi & Faruqi, LLP Announces Investigation of BigBand Networks, Inc.
October 11 2011 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of BigBand Networks, Inc. (“BigBand” or the “Company”)
(NASDAQ: BBND) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
ARRIS Group, Inc. (NASDAQ: ARRS) in an all-cash deal valued at
about $158.1 million. Under the terms of the proposed transaction,
BigBand stockholders will receive $2.24 for each share of BigBand
common stock they own, while according to Yahoo! Finance, at least
one financial analyst has set a price target of $2.75 for BigBand.
The proposed transaction is structured as a tender offer and may be
effectuated without a shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/BBND
Whether BigBand’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues BigBand’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of BigBand’s shareholders are the key
focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in BigBand and wish to obtain additional
information, please visit us at www.faruqilaw.com/BBND or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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