Ryan & Maniskas, LLP Announces Investigation of Palm, Inc.
April 29 2010 - 8:45AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/palm) 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” or the “Company”) (NASDAQ: PALM) in
connection with their actions in causing Palm to enter into a
merger agreement with Hewlett-Packard Company (“HP”).
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Palm. For more information regarding our
investigation please contact Richard A. Maniskas, Esquire
toll-free: (877) 316-3218 or visit:
www.rmclasslaw.com/cases/palm.
Under the terms of the transaction, 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.
If you own shares of Palm and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit:
www.rmclasslaw.com/cases/palm. You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com. For more information about class action
cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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