Harwood Feffer LLP Announces Investigation of BigBand Networks, Inc.
12 Oktober 2011 - 9:24PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
BigBand Networks, Inc. (BigBand or the Company) (NASDAQ: BBND)
concerning the proposed acquisition of the Company by ARRIS Group,
Inc. (“ARRIS”).
On October 11, 2011, BigBand announced it had entered into a
definitive agreement pursuant to which the Company would be
acquired by ARRIS. Under the terms of the agreement, ARRIS will
commence a tender offer for all of the outstanding shares of
BigBand common stock within 10 business days. BigBand stockholders
will receive $2.24 in cash for each share of Company stock held.
BigBand stock has traded as high as $3.28 per share in the last
year and $2.25 per share as recently as July 20, 2011.
Our investigation concerns whether the board of directors has
breached its fiduciary duties by failing to adequately shop the
Company and whether the board undertook a fair process and obtained
fair consideration for BigBand stockholders.
Harwood Feffer has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the
Harwood Feffer LLP website (http://www.hfesq.com) for more
information about the firm.
If you own BigBand shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq. Peter W. Overs, Jr., Esq. Benjamin
Sachs-Michaels Harwood Feffer LLP 488 Madison Avenue New York, New
York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email:
rharwood@hfesq.com
povers@hfesq.com
bsachsmichaels@hfesq.com
Website:
http://www.hfesq.com
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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