Company Website:
http://www.thebriscoelawfirm.com
DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe is investigating potential claims against the Board of
Directors of Silver Spring Networks, Inc. (“Silver Spring”) (NYSE: SSNI)
concerning the acquisition by Itron, Inc. Under the terms of the
agreement, valued at approximately $830 million, Silver Spring
shareholders will only receive $16.25 per Silver Spring share owned. The
consideration is significantly lower than at least one analyst’s
estimated value of $19.00.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via
email at shareholders@thebriscoelawfirm.com
or by calling (888) 809-2750. There is no cost or fee to you.
The investigation centers on whether Silver Spring’s Board of Directors
is acting in the shareholders’ best interests, whether the board
considered alternatives to the acquisition, and whether the board has
employed an adequate process to review and act on the proposed
transaction. Notably, at least one analyst with Yahoo! Finance believes
the true inherent value of Silver Spring could be as high as $19.00 per
share.
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation matters, including claims of investor and
stockholder fraud, shareholder derivative suits, and securities class
actions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919006464/en/
Contacts:
The Briscoe Law Firm, PLLC
Willie Briscoe, 888-809-2750
shareholders@thebriscoelawfirm.com
Source: The Briscoe Law Firm, PLLC
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