Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Acme Packet, Inc. (“Acme”) (NasdaqGS: APKT) to Oracle Corp. for shareholders. Under the terms of the proposed deal, Acme shareholders will only receive $29.25 in cash for each share of Acme stock owned, which is below at least one analyst’s estimated value of $30.00 per share and the 52-week high of $36.27.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The Acme sale investigation centers on whether Acme shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Acme’s stock, and whether Acme’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has estimated that the true inherent value of Acme could be as high as $30.00 per share. According to shareholder rights attorney Willie Briscoe, “due to the proposed sale price, analysts’ estimates, the 52-week high, the recent performance of Acme and other factors, we believe this transaction may undervalue Acme’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.