NEW YORK, March 3, 2015 /PRNewswire/ -- Wolf Popper
LLP is investigating claims on behalf of investors in Aruba Networks, Inc. ("Aruba") (Nasdaq: ARUN), concerning the
proposed acquisition of Aruba by
Hewlett-Packard Company (NYSE: HPQ). Aruba shareholders
seeking more information about this acquisition are advised to
contact Carl Stine at (212) 759-4600
or cstine@wolfpopper.com.
The investigation concerns whether Aruba's directors are breaching their
fiduciary duties by failing to adequately maximize shareholder
value. Under the terms of the proposed transaction,
Aruba's shareholders will receive
$24.67 per share in cash for each
Aruba share they own. The
proposed transaction has an equity value of approximately
$3.0 billion, and net of cash and
debt approximately $2.7
billion. However, the offer price is 0.6% below
Aruba's closing price on
February 27, 2015 of $24.81 per share and below the median analyst
price target of $24.92 per share.
Wolf Popper LLP has extensive experience representing investors
in mergers and acquisition lawsuits and has successfully ensured
that investors receive the maximum compensation. Twelve Wolf
Popper attorneys were named Rising Stars or Super Lawyers in the
2014 Super Lawyers New York City Metro Edition, including
Wolf Popper partner Carl Stine, who was included in the Super
Lawyers Top 100 List for the New York
City Metro area. View Wolf Popper attorney biographies
at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP