|Company name||Cray Inc.|
NEW YORK, May 17, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Cray Inc. (NASDAQ: CRAY) on behalf of Cray shareholders concerning the proposed acquisition of the company by Hewlett Packard Enterprise (NYSE: HPE).
Pursuant to the proposed transaction, announced on May 17, 2019 and valued at $1.3 billion, Cray shareholders will receive $35.00 in cash for each share of Cray common stock owned. The investigation focuses on whether Cray 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 Cray 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.