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If you purchased shares of Anaren, Inc. (NASDAQ:ANEN) prior to April 15, 2013, and currently hold any of those NASDAQ:ANEN shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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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
April 15, 2013 (Shareholders Foundation) - An investigation on behalf of investors in Anaren, Inc. (NASDAQ:ANEN) shares was announced concerning whether the offer by Vintage Capital Group LLC to acquire Anaren, Inc. for $23.00 per NASDAQ:ANEN share and the takeover process are unfair to investors in NASDAQ:ANEN shares.
The investigation by a law firm concerns whether certain officers and directors of Anaren, Inc. breach their fiduciary duties owed to NASDAQ:ANEN investors in connection with the proposed acquisition.
On April 15, 2013, Vintage Capital Group LLC offered to buy Anaren, Inc. (NASDAQ:ANEN) for $23 per share in a deal valued at about $300 million.
However, given that at least one analyst has set the high target price for NASDAQ:ANEN shares at $26.00 per share, the investigation a law firm concerns whether the offer is too low for NASDAQ:ANEN stockholders. More specifically, the investigation focuses on whether the Anaren Board of Directors undertakes an adequate sales process, adequately shops the company before entering into any transaction, maximizes shareholder value by negotiating the best price, and acts in the shareholders' best interests in connection with the proposed sale.
