NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF ARUBA NETWORKS, INC. (NasdaqGS: ARUN) PRIOR TO MARCH 2, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Aruba Networks to Hewlett-Packard (NYSE: HPQ). Click here to learn more about the action: http://www.zlkdocs.com/ARUN-Info-Request-Form-ma-2690. There is no cost or obligation to you.
The Board of Directors of Aruba Networks agreed to sell the company to Hewlett-Packard. Under the terms of the transaction, Aruba Networks shareholders will receive $24.67 in cash for each share of Aruba Networks they own. The investigation concerns whether the Board of Arbua Networks breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Hewlett-Packard is underpaying for Aruba Network shares. In particular, at least one analyst set a price target for Aruba Networks stock at $34.00 per share.
If you own Aruba Networks common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlkdocs.com/ARUN-Info-Request-Form-ma-2690.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.