NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights firm, announces that it is investigating the Board of Directors of Mavenir Systems, Inc. (NYSE:MVNR) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Mavenir Systems to maximize shareholder value before agreeing to be acquired by Mitel Networks Corporation (NASDAQ:MITL).
If you would like to join the action, go to http://rosenlegal.com/cases-526.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders may receive all-cash or all-stock consideration for each share of Mavenir Systems, subject to proration. In either case, the value is $11.08 plus 0.675 of a Mitel common share or $17.94 based on the closing price of Mitel’s common stock on February 27, 2015. The proposed transaction is valued at approximately $560 million. The investigation relates to whether the proposal is fair to the public shareholders of Mavenir Systems and whether Mavenir Systems’ Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Mavenir Systems and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-526.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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