Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of OPNET Technologies, Inc. (“OPNET”) (NasdaqGS: OPNT) to Riverbed Technology, Inc. for shareholders. Under the proposed sale, OPNET shareholders will receive approximately $43 in cash and stock for each share of OPNET stock owned in a deal valued at approximately $921 million. Specifically, OPNET shareholders will receive only 0.2774 shares of Riverbed common stock plus $36.55 in cash for each share of OPNET stock owned. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. The OPNET sale investigation centers on whether OPNET shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues OPNET stock, and whether OPNET’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “because OPNET shareholders will receive a combination of cash and Riverbed common stock for their shares, we believe that the transaction may undervalue OPNET stock. Our 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.
The ex-dividend date for OPNET Technologies (Nasdaq:OPNT) is tomorrow, June 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $26.02 as of 10:09 a.m., the dividend yield is 2.3%.
Shares of OPNET Technologies (Nasdaq:OPNT) have taken a tremendous swing upward. The stock is trading at $26.68 as of 9:40 a.m. ET, 20.7% above Monday's closing price of $22.11. Volume is at 143,778, 0.6 times the daily average of 238,600.
The ex-dividend date for OPNET Technologies (Nasdaq:OPNT) is Monday, March 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $28.80 as of 9:30 a.m., the dividend yield is 1.7%.