NEW YORK--()--WeissLaw LLP, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Acme Packet Inc. (“Acme” or the “Company”) (NASDAQ: APKT) arising from its agreement for Acme to be acquired by Oracle Corp. (“Oracle”) in a transaction valued at approximately $1.7 billion. Under the terms of the proposed transaction Acme shareholders will receive $29.25 in cash for each Acme share they own.
WeissLaw LLP is investigating whether Acme’s Board acted in the best interests of its public shareholders by actively shopping the Company to maximize shareholder value for Acme’s public shareholders, prior to entering into the proposed transaction with Oracle. The offer price is a significant discount to Acme’s 52-week high of $36.27.
If you own Acme shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Kelly C. Keenan either by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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