NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Acme
Packet, Inc. (“Acme” or the “Company”) (NasdaqGS: APKT) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to Oracle Corporation (NasdaqGS: ORCL) in an
all-cash deal valued at approximately $1.7 billion. Under the terms of
the proposed transaction, Acme’s stockholders will receive $29.25 in
cash for each share of Acme’s common stock they own, while according to
Yahoo! Finance, at least one financial analyst has set a price target of
$30 for Acme.
Request more information now by clicking here: www.faruqilaw.com/APKT.There is no cost or obligation to you.
The investigation focuses on whether Acme’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 and by how much this proposed transaction
undervalues the Company to the detriment of Acme’s shareholders.
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 Acme and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Free: (877) 247-4292
Phone: (212) 983-9330
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Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
247-4292 or (212) 983-9330
Source: Faruqi & Faruqi, LLP
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