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Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of BigBand Networks, Inc. (“BigBand” or the “Company”) (Nasdaq: BBND) concerning the proposed acquisition of the Company by Arris Group, Inc. Under the terms of the offer, BigBand shareholders will receive $2.24 in cash for each share they own in a transaction valued at approximately $172 million, or $53 million net of BigBand cash on hand.
The investigation is focused on the potential unfairness of the consideration to BigBand shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among BigBand Board members. Shareholders holding 32% of the outstanding shares of the Company have agreed to tender their shares in the offer. Shares of BigBand traded as high as $3.28 on November 5, 2010, and according to Yahoo! Finance, at least one analyst has set a price target of $2.75.
If you are interested in discussing your rights as a BigBand shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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