An investigation on behalf of investors of Black Box Corporation (NASDAQ: BBOX) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 11/29/2018 -- An investigation was announced concerning whether the takeover of Black Box Corporation is unfair to NASDAQ: BBOX stockholders.
Investors who purchased shares of Black Box Corporation (NASDAQ: BBOX) and currently hold any of those NASDAQ: BBOX shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Black Box Corporation breached their fiduciary duties owed to NASDAQ: BBOX investors in connection with the proposed acquisition.
On November 11, 2018, a wholly-owned subsidiary of global solutions integrator AGC Networks Ltd (BSE/NSE: AGCNET), AGC Networks Pte. Ltd. in Singapore and Black Box Corporation(NASDAQ:BBOX) announced that they have entered into a merger agreement under which AGC Singapore would acquire all the outstanding shares of Black Box for $1.08 per share in cash, subject to customary closing conditions and regulatory approvals.
However, given that at least one analyst has set the high target price for NASDAQ: BBOX shares at $7.00 per share, the Investigation concerns whether the offer is unfair to NASDAQ: BBOX stockholders. More specifically, the investigation concerns whether the Black Box Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Black Box Corporation (NASDAQ: BBOX) closed at $1.07 per share on November 28, 2018.
Those who are current investors in Black Box Corporation (NASDAQ: BBOX) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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