WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Mavenir Systems, Inc. (NYSE: MVNR)?
- Did you purchase any of your shares prior to March 2, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Mavenir Systems, Inc. (“Mavenir” or the “Company”) (NYSE: MVNR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Mitel Networks Corporation (“Mitel”) (NASDAQ GS: MITL), in a transaction valued at approximately $560 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/mavenir-systems-inc-mvnr.
Under the terms of the agreement, shareholders of Mavenir will be entitled to elect to 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.
The investigation concerns whether Mavenir’s board of directors failed to adequately shop the Company and obtain the best possible value for Mavenir’s shareholders before entering into an agreement with Mitel.
If you own the common stock of Mavenir and purchased your shares before March 2, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/mavenir-systems-inc-mvnr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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