An investigation on behalf of investors, who currently hold shares of Silver Spring Networks Inc (NYSE:SSNI), was announced concerning whether the takeover of Silver Spring Networks Inc by Itron, Inc for $16.25 per share is unfair to NYSE:SSNI stockholders.

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

On September 18, 2017, Itron, Inc. (NASDAQ: ITRI) and Silver Spring Networks, Inc. (NYSE: SSNI) announced that they have signed an agreement for Itron to acquire all outstanding shares of Silver Spring for $16.25 per share in cash. The transaction is valued at approximately $830 million , net of $118 million of Silver Springs cash.

However, given that at least one analyst has set the high price target for NYSE:SSNI shares at $19.00 per share, the investigation concerns whether the offer is unfair to NYSE:SSNI stockholders. More specifically, the investigation concerns whether the Silver Spring 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.

Shares of Silver Spring Networks Inc (NYSE:SSNI) closed on September 22, 2017 at $
per share.