WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Palm, Inc. (“Palm” or the “Company”) (Nasdaq: PALM) arising from the Company's announcement of its intent to be acquired by Hewlett-Packard Company (“HP”). Under the terms of the agreement, Palm shareholders will receive $5.70 in cash for each share of Palm common stock owned, valuing the total transaction at approximately $1.2 billion.
The investigation is focused on the potential unfairness of the consideration to Palm’s shareholders and the process by which Palm’s Board of Directors considered and approved the transaction. In particular, Palm was trading at $17.46 as recently as September 2009, and at least one analyst has set a target price for the stock at $14.00 per share.
If you are interested in discussing your rights as a Palm shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at firstname.lastname@example.org.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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