TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Nimble Storage Inc (NYSE:NMBL) Investor Lawsuit Against Acquisition By Hewlett Packard Enterprise Filed

  • If you purchased shares of Nimble Storage Inc (NYSE:NMBL) and currently hold any of those NYSE:NMBL 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 case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Nimble Storage Inc
Security
NYSE: NMBL

Case Name
Nimble Storage Deal Case 03/27/2017
Type of Lawsuit
Mergers and Acquisition
You must register or login to receive notifications.

Click here to subscribe to Nimble Storage Inc.
Summary

March 27, 2017 (Shareholders Foundation) - An investor, who currently holds shares of Nimble Storage Inc (NYSE:NMBL), filed a lawsuit in effort to halt the proposed takeover of Nimble Storage Inc. by Hewlett Packard Enterprise for $12.50 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:NMBL stockholders by agreeing to sell Nimble Storage Inc too cheaply via an unfair process to Hewlett Packard Enterprise.

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, plaintiff claims that the proposed consideration NYSE:NMBL shareholders will receive is grossly inadequate and undervalues Nimble Storage Inc. Indeed, at least one analyst has set the high target price for NYSE:NMBL shares at $17.00 per share. In addition, the plaintiff alleges that the process is also unfair NYSE:NMBL stockholders

Shares of Nimble Storage Inc (NYSE:NMBL) closed on March 27, 2017 at $12.48 per share.