An investigation on behalf of investors of Acacia Communications, Inc. (NASDAQ: ACIA) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 07/22/2019 -- An investigation was announced concerning whether the takeover of Acacia Communications, Inc. is unfair to NASDAQ: ACIA stockholders.
Investors who purchased shares of Acacia Communications, Inc. (NASDAQ: ACIA) and currently hold any of those NASDAQ: ACIA 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 directors of Acacia Communications, Inc. breached their fiduciary duties owed to NASDAQ: ACIA investors in connection with the proposed acquisition.
Maynard, MA based Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. On July 9, 2019, Cisco and Acacia Communications announced they have entered into an agreement under which Cisco has agreed to acquire Acacia Communications, Inc. Under the terms of the agreement, Cisco has agreed to acquire Acacia Communications, Inc for $70.00 per share in cash, or for approximately $2.6 billion on a fully diluted basis, net of cash and marketable securities.
However, given that NASDAQ: ACIA shares traded in 2017 as high as $121.86 per share, the investigation concerns whether the offer is unfair to NASDAQ: ACIA stockholders. More specifically, the investigation concerns whether the Acacia Communications, Inc. 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.
Those who are current investors in Acacia Communications, Inc. (NASDAQ: ACIA) shares have certain options and should contact the Shareholders Foundation.
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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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