NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against Mavenir Systems, Inc. (“Mavenir” or the “Company”) (NYSE:MVNR) concerning the proposed acquisition of the Company by Mitel Networks Corporation (“Mitel”) (NASDAQ:MITL). Under the terms of the definitive merger agreement, Mavenir stockholders will receive $11.08 in cash and 0.675 shares of Mitel common stock for each share of Mavenir common stock they own, valuing the deal at approximately $17.94 per share. The total transaction value is approximately $560 million.
The investigation concerns whether the Mavenir Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Mavenir stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at email@example.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.