Rigrodsky & Long, P.A. Announces Investigations Of OPNET
Technologies, Inc., Schiff Nutrition International, Inc. and
MOD-PAC Corp. Buyouts
WILMINGTON, Del., Nov. 6, 2012 /PRNewswire/ --
OPNET Technologies, Inc.
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of OPNET
Technologies, Inc. ("OPNET" or the "Company") (NASDAQ GS: OPNT)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Riverbed Technology, Inc. ("Riverbed") (NASDAQ
GS: RVBD) in a transaction valued at approximately $1 billion. Under the terms of the
proposal, public shareholders of OPNET will receive $36.55 in cash and 0.2774 shares of Riverbed
common stock for each share of OPNET they own. Based on
Riverbed's closing stock price of $22.62 on October 26,
2012, OPNET shareholders would have received consideration
valued at approximately $42.82 per
share.
The investigation concerns whether OPNET's board of directors
failed to adequately shop the Company and obtain the best possible
value for OPNET's shareholders before entering into an agreement
with Riverbed. According to Yahoo! Finance, at least one
analyst has set a price target for OPNET stock at $43.00 per share.
If you own the common stock of OPNET and purchased your shares
before October 29, 2012, 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 Peter
Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530 toll free at (888) 969-4242, by e-mail to
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/opnet-technologies-inc-opnt.
Schiff Nutrition International, Inc.
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Schiff
Nutrition International, Inc. ("Schiff" or the "Company") (NYSE:
SHF) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Bayer HealthCare LLC ("Bayer") in a transaction
valued at approximately $1.2
billion. Under the terms of the proposal, public
shareholders of Schiff will receive $34.00 per share in cash for each share of Schiff
they own.
The investigation concerns whether Schiff's board of directors
failed to adequately shop the Company and obtain the best possible
value for Schiff's shareholders before entering into an agreement
with
Bayer.
If you own the common stock of Schiff and purchased your shares
before October 30, 2012, 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 Peter
Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530 toll free at (888) 969-4242, by e-mail to
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/schiff-nutrition-international-inc-shf.
MOD-PAC Corp.
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of MOD-PAC
Corp. ("MOD-PAC" or the "Company") (NASDAQ GM: MPAC) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's receipt of a proposal to be acquired by a
group consisting of the Company's President and Chief Executive
Officer, Daniel G. Keane, and its
Chairman of the Board, Kevin T.
Keane. Under the terms of the proposal, public
shareholders of MOD-PAC will receive $7.20 per share in cash for each share of MOD-PAC
they own.
The investigation concerns the Company's board of directors'
process for consideration of the proposed transaction, whether
MOD-PAC is acting in its shareholders' best interests and whether
the proposed consideration to be paid to MOD-PAC's shareholders
would be fair and adequate.
If you own the common stock of MOD-PAC and purchased your shares
before October 29, 2012, 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 Peter
Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530 toll free at (888) 969-4242, by e-mail to
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/mod-pac-corp-mpac.
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.
CONTACT:
Rigrodsky & Long, P.A.
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-9430
info@rigrodskylong.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.