WILMINGTON, Del., March 4, 2015 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Aruba Netwoks, Inc. (NASDAQ GS:
ARUN)?
- Did you purchase any of your shares prior to March 2, 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 Aruba
Networks, Inc. ("Aruba" or the
"Company") (NASDAQ GS: ARUN) regarding possible breaches of
fiduciary duties and other violations of law related to the
Company's entry into an agreement to be acquired by Hewlett-Packard
Company ("HP") (NYSE: HPQ), in a transaction valued at
approximately $3.0 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/aruba-networks-inc-arun-buyout.
Under the terms of the agreement, public shareholders of
Aruba would receive $24.67 in cash for each share of Aruba they own.
The investigation concerns whether Aruba's board of directors failed to
adequately shop the Company and obtain the best possible value for
Aruba's shareholders before
entering into an agreement with HP. According to Yahoo!
Finance, at least one analyst has issued a price target for
Aruba stock at $34.00 per share.
If you own the common stock of Aruba and purchased your shares before
March 2, 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/aruba-networks-inc-arun-buyout.
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.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/aruba-networks-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300045510.html
SOURCE Rigrodsky & Long, P.A.