SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Procera Networks, Inc.
May 08 2015 - 9:45PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Procera Networks, Inc. ("Procera” or "the Company") (Nasdaq-PKT)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Francisco
Partners Management (“Francisco”).
Click here to learn more about the investigation
http://brodsky-smith.com/920-pkt-procera-networks-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Procera shareholders will
receive only $11.50 in cash for each share of Procera stock they
own. The investigation concerns whether the Board of Procera
breached their fiduciary duties to shareholders by failing to
adequately consider other strategic initiatives that may have
resulted in enhanced value before agreeing to enter into this
transaction, and whether Francisco is underpaying for Procera. The
transaction may undervalue Procera and will result in a substantial
loss for many shareholders. For example, Procera stock traded at
$12.21 per share as recently as February 17, 2014 and traded at
$25.31 on July 23, 2012. In addition an analyst has set a price
target of $12.00 per share.
If you own shares of Procera and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/920-pkt-procera-networks-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireorEvan J.
Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/920-pkt-procera-networks-inc.html
(MM) (NASDAQ:PKT)
Historical Stock Chart
From Jun 2024 to Jul 2024
(MM) (NASDAQ:PKT)
Historical Stock Chart
From Jul 2023 to Jul 2024