Ademi & O'Reilly, LLP Investigates Whether Acme Packet, Inc. Has Obtained a Fair and Reasonable Price in Its Sale to Oracle Corporation
MILWAUKEE, Feb. 4, 2013 (GLOBE NEWSWIRE) -- We are investigating the Board of Directors of Acme Packet, Inc. ("Acme") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of Acme to Oracle Corporation
Click here to learn how to join the action: http://www.ademilaw.com/case/acme-packet-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Acme shareholders will receive $29.25 for each share in the transaction. The merger agreement unreasonably limits prospective bids for Acme by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should Acme receive and accept a superior bid. Acme insiders, their affiliates and other majority shareholders own significant voting stock of Acme, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of Acme not necessarily in the best interests of non-insider shareholders. In light of these facts, our investigation centers on the conduct of Acme's Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Acme given its current financial condition and prospects.
If you own common stock in Acme and wish to obtain additional information, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, http://www.ademilaw.com/case/acme-packet-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP