Finkelstein Thompson LLP Announces Investigation of Palm, Inc.
April 28 2010 - 5:30PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Palm, Inc. (“Palm” or the “Company”)
(Nasdaq: PALM) arising from the Company's announcement of its
intent to be acquired by Hewlett-Packard Company (“HP”). Under the
terms of the agreement, Palm shareholders will receive $5.70 in
cash for each share of Palm common stock owned, valuing the total
transaction at approximately $1.2 billion.
The investigation is focused on the potential unfairness of the
consideration to Palm’s shareholders and the process by which
Palm’s Board of Directors considered and approved the transaction.
In particular, Palm was trading at $17.46 as recently as September
2009, and at least one analyst has set a target price for the stock
at $14.00 per share.
If you are interested in discussing your rights as a Palm
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney
advertising. Prior results do not guarantee similar outcomes.
Palm (MM) (NASDAQ:PALM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Palm (MM) (NASDAQ:PALM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Palm (MM) (NASDAQ): 0 recent articles
More Finkelstein Thompson LLP News Articles