Robbins Umeda LLP Announces an Investigation of the Acquisition of Palm, Inc. by Hewlett-Packard Company
April 28 2010 - 6:19PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of Palm, Inc. ("Palm") (NASDAQ:
PALM) in connection with their actions in causing Palm to enter
into a definitive agreement with Hewlett-Packard Company ("HP")
(NYSE: HPQ). If the transaction is completed, Palm shareholders
will receive $5.70 in cash for each share of Palm they own. The
companies expect the merger to close in HP's third fiscal quarter
ending July 31, 2010.
Robbins Umeda LLP's investigation concerns whether Palm's Board
of Directors undertook a fair process to obtain fair consideration
for all shareholders of Palm.
If you are a shareholder of Palm and would like more information
about your rights as a shareholder, please contact attorney Lauren
Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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