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Acacia Research Corp (NASDAQ:ACTG) Investor Investigation Announced

  • If you purchased shares of Acacia Research Corp (NASDAQ:ACTG), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Acacia Research Corp
Security
NASDAQ: ACTG

Summary

March 22, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Acacia Research Corp (NASDAQ:ACTG) shares over potential securities laws violations in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Acacia Research Corp (NASDAQ:ACTG) concerning certain statements regarding Acacia Researchs business, its prospects and its operations were materially false and misleading at the time they were made.

On March 14, 2016, ARC Acquisition Company, LLC and its affiliate Uniloc Luxembourg S.A. ('Uniloc') announced its communication to the Board of Directors of Acacia Research Corporation (NASDAQ: ACTG) of an offer to acquire all the outstanding shares of the Company at a price of $3.72 per share.
On March 16, 2016, Acacia Research Corp rejected the offer.

At least one analyst has set the high target price at $6.50 per share

Shares of Acacia Research Corp (NASDAQ:ACTG) grew on March 14, 2016, to as high as $3.92 per share.

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