Cases
Aerohive Networks, Inc. (NYSE: HIVE)
Merger
Overview
Overview
- Date:
- 6/27/2019
- Company Name:
- Aerohive Networks, Inc.
- Stock Symbol:
- HIVE
- Company Name - Buyer:
- Extreme Networks, Inc.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 6/26/2019
NEW YORK, June 27, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Aerohive Networks, Inc. (NYSE: HIVE) on behalf of Aerohive shareholders concerning the proposed merger with Extreme Networks, Inc.
Pursuant to the proposed transaction, announced on June 26, 2019 and valued at $210 million, Extreme Networks will acquire all outstanding shares of Aerohive’s common stock for $4.45 per share. The investigation focuses on whether Aerohive and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Aerohive shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on June 26, 2019 and valued at $210 million, Extreme Networks will acquire all outstanding shares of Aerohive’s common stock for $4.45 per share. The investigation focuses on whether Aerohive and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Aerohive shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.