March 21, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Nimble Storage Inc (NYSE:NMBL), was announced concerning whether the takeover of Nimble Storage Inc. by Hewlett Packard Enterprise for $12.50 per share is unfair to NYSE:NMBL stockholders.

The investigation by a law firm concerns whether certain officers and directors of Nimble Storage Inc breached their fiduciary duties owed to NYSE:NMBL investors in connection with the proposed acquisition.

On March 7, 2017, Hewlett Packard Enterprise (NYSE:HPE) announced it has entered into an agreement to acquire Nimble Storage Inc. Hewlett Packard Enterprise will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion.

However, given that at least one analyst has set the high target price for NYSE:NMBL shares at $17.00 per share, the investigation concerns whether the offer is unfair to Nimble Storage Inc (NYSE:NMBL stockholders. More specifically, the investigation concerns whether the Nimble Storage Inc (NYSE:NMBL 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.