WILMINGTON, Del., May 27, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Meru Networks, Inc. (NASDAQ GM: MERU)?
- Did you purchase any of your shares prior to May 27, 2015?
- Do you think the proposed buyout price 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 Meru Networks, Inc. ("Meru" or the "Company") (NASDAQ GM: MERU) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Fortinet, Inc. ("Fortinet") (NASDAQ GS: FTNT), in a transaction valued at approximately $44 million.
Click here to learn more: http://rigrodskylong.com/investigations/meru-networks-inc-meru.
Under the terms of the agreement, shareholders of Meru will receive $1.63 in cash for each share of Meru they own.
The investigation concerns whether Meru's board of directors failed to adequately shop the Company and obtain the best possible value for Meru's shareholders before entering into an agreement with Fortinet. According to Yahoo! Finance, at least one analyst has issued a price target for Meru stock at $4.00 per share.
If you own the common stock of Meru and purchased your shares before May 27, 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 email@example.com, or at: http://rigrodskylong.com/investigations/meru-networks-inc-meru.
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.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.