An investigation on behalf of investors, who currently hold shares of Black Box Corporation (NASDAQ: BBOX), was announced concerning whether the takeover of Black Box Corporation is unfair to NASDAQ: BBOX stockholders.

The investigation by a law firm concerns whether certain officers and directors of Black Box Corporation breached their fiduciary duties owed to NASDAQ: BBOX investors in connection with the proposed acquisition.

On November 11, 2018, a wholly-owned subsidiary of global solutions integrator AGC Networks Ltd (BSE/NSE: AGCNET), AGC Networks Pte. Ltd. in Singapore and Black Box Corporation(NASDAQ:BBOX) announced that they have entered into a merger agreement under which AGC Singapore would acquire all the outstanding shares of Black Box for $1.08 per share in cash, subject to customary closing conditions and regulatory approvals.

However, given that at least one analyst has set the high target price for NASDAQ: BBOX shares at $7.00 per share, the Investigation concerns whether the offer is unfair to NASDAQ: BBOX stockholders. More specifically, the investigation concerns whether the Black Box 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.

Shares of Black Box Corporation (NASDAQ: BBOX) closed at $1.07 per share on November 28, 2018.