NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mavenir Systems, Inc. (“Mavenir” or the “Company”) (NYSE:MVNR) for potential breaches of fiduciary duties in connection with the sale of the Company to Mitel Networks Corp. for approximately $560 million in a cash and stock transaction. The Company’s stockholders will receive either all-cash or all-stock consideration for each share of Mavenir common stock, subject to proration, in either case with a value of $11.08 plus 0.675 of a Mitel common share, or $17.94 based on the closing price of a Mitel common share on February 27, 2015.
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The investigation focuses on whether Mavenir’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Mavenir’s shareholders.
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If you own common stock in Mavenir and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MVNR or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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