NEW YORK, March 16, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Acacia Research Corporation ("Acacia" or the "Company") (NASDAQ: ACTG) concerning the proposed acquisition of the Company by ARC Acquisition Company, LLC and its affiliate Uniloc Luxembourg S.A. ("Uniloc").
Under the terms of the offer, Uniloc would acquire Acacia in a transaction valued at approximately $189 million. Pursuant to the deal, Acacia stockholders would receive $3.53 per share in cash. According to Yahoo Finance, the high analyst price target for Acacia is $6.50 per share and the low price target is $4.00 per share.
Our investigation concerns whether the Acacia board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Acacia shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP