PROCERA NETWORKS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
April 28 2015 - 7:15PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Procera
Networks, Inc. (NASDAQ GS: PKT)?
- Did you purchase any of your shares
prior to April 22, 2015?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Procera
Networks, Inc. (“Procera” or the “Company”) (NASDAQ GS: PKT)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by private funds managed by Francisco Partners
Management, L.P. (“Francisco Partners”), in a transaction valued at
approximately $240 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/procera-networks-inc-pkt.
Under the terms of the agreement, public shareholders of Procera
would receive $11.50 in cash for each share of Procera they
own.
The investigation concerns whether Procera’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Procera’s shareholders before entering into an agreement
with Francisco Partners. According to Yahoo! Finance, at least one
analyst has issued a price target for Procera stock at $12.00 per
share.
If you own the common stock of Procera and purchased your shares
before April 22, 2015, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/procera-networks-inc-pkt.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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