-
If you purchased shares of Aruba Networks, Inc. (NASDAQ:ARUN) and currently hold any of those NASDAQ:ARUN shares, 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
March 3, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Aruba Networks, Inc. (NASDAQ:ARUN), was announced concerning whether the takeover of Aruba Networks at $24.67 per share is unfair to NASDAQ:ARUN stockholders.
The investigation by a law firm concerns whether certain officers and directors of Aruba Networks, Inc. breached their fiduciary duties owed to NASDAQ:ARUN investors in connection with the proposed acquisition.
On March 2, 2015, Hewelett Packard Company (HP) and Aruba Networks, Inc. (NASDAQ:ARUN) announced an agreement for HP to acquire Aruba Networks, Inc. (NASDAQ:ARUN) for $24.67 per share in cash.
However, the investigation concerns whether the offer is unfair to NASDAQ:ARUN stockholders. More specifically, the investigation concerns whether the Aruba Networks Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Aruba Networks, Inc. reported that its Total Revenue rose from $600.04 million for the 12 months period that ended on July 31, 2013 to $728.93 million for the 12 months period that ended on July 31, 2014 and that its Net Loss for those respective time periods declined from $31.61 million to $28.96 million. Shares of Aruba Networks, Inc. (NASDAQ:ARUN) grew from $13.10 per share in May 2013 to as high as $23.39 per share in September 2014.
