Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of OPNET Technologies Inc. (“OPNET” or the “Company”) (NASDAQ: OPNT) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Riverbed Technology, Inc. (“Riverbed”) (NASDAQ: RVBD) in a cash-and-stock deal valued at approximately $921 million. Under the terms of the proposed transaction, OPNET’s stockholders will receive $36.55 in cash and 0.2774 of a share of Riverbed common stock for each share of OPNET common stock they own. The transaction values the proposed consideration at approximately $41.77 based on Riverbed’s closing stock price on Thursday, November 1, 2012. Request more information now by clicking here: www.faruqilaw.com/OPNT.There is no cost or obligation to you. The investigation focuses on whether OPNET’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of OPNET’s shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in OPNET and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/OPNT or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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.