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If you purchased Radware Ltd. (NASDAQ: RDWR) shares prior to September 2010 and presently continue to hold those shares, and/or if you have any information relating the investigation, 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
After shares of Radware Ltd. (NASDAQ:RDWR) more than doubled this year due to two takeover rumors an investigation into possible breaches of fiduciary duty was announced.
The investigation by a law firm concerns whether any insider took advantage of the takeover rumors and breached their fiduciary duties or other laws. Shares of Radware Ltd. increased by more than 20% from Fridays trading to almost $40 per share after rumors emerged that Riverbed Technology, Inc was in negotiations to acquire the company. Israel based daily business newspaper Calcalist reported the bid is worth $47 a share, valuing Radware at about $895 million. RDWR shares now more than doubled from this years trading start at a price of almost $15 in January to now almost $40 per share in December. Israel based Calcalist reportedly said that offer is worth $2 more on a per-share basis than the bid Hewlett-Packard Co. (HPQ) has been rumored to have made for Radware. That rumor hit the market after another Israel newspaper , Globes, reported that Tel Aviv-based Radware is in talks to be sold to either HP or IBM for approximately $945 million sending RDWR shares from $27 to over $38.
