BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Aruba Networks, Inc. ("Aruba Networks” or "the Company") (Nasdaq: ARUN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Hewlett-Packard Company (“Hewlett-Packard”).
Click here to learn more about the investigation http://brodsky-smith.com/897-arun-aruba-networks-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Aruba Networks shareholders will receive only $24.67 in cash for each share of Aruba Networks stock they own. The investigation concerns whether the Board of Aruba 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 Networks. The transaction may undervalue Aruba Networks and will result in loss or no real gain for many Aruba Networks shareholders. For example, Aruba Network stock traded at $23.63 per share as recently as September 11, 2014 and traded at $35.92 per share on April 29, 2011. In addition, an analyst has set a $34.00 per share price target for Aruba Networks stock.
If you own shares of Aruba Network stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, visiting http://brodsky-smith.com/897-arun-aruba-networks-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.