NEW YORK, Dec. 9, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Blue Coat Systems, Inc. ("Blue Coat" or the "Company") (NASDAQ: BCSI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Thoma Bravo LLC. Under the terms of the transaction, Blue Coat shareholders will receive $25.81 per share of Blue Coat stock they own. The transaction has a total approximate value of $1.3 billion.
Click here to learn how to join the action: http://www.zlk.com/blue-coat-systems-bcsi, or call: 877-363-5972.
The investigation concerns whether the Blue Coat Board of Directors breached their fiduciary duties to Blue Coat stockholders by failing to adequately shop the Company before entering into this transaction and whether Thoma Bravo LLC is underpaying for Blue Coat shares, thus unlawfully harming Blue Coat stockholders. In particular, at least one analyst set a price target of $28.00 per Blue Coat share.
If you own common stock in Blue Coat and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP