NEW YORK, March 2, 2015 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of Aruba Networks, Inc. ("Aruba" or the "Company") (NASDAQ: ARUN)
concerning the proposed acquisition of the Company by
Hewlett-Packard Co. ("HP").
Under the terms of the transaction, the HP would purchase
Aruba in a transaction valued at
approximately $2.7 billion.
Aruba shareholders would receive
$24.67 in cash per share owned.
This offer price is below numerous recent analyst target prices for
Aruba stock.
Our investigation concerns whether the Aruba board of directors is fulfilling its
fiduciary duties, maximizing the value of the Company, disclosing
all material benefits and costs, and obtaining full and fair
consideration for Company stockholders.
If you own Aruba shares and
wish to discuss this matter with us, or have any questions
concerning your rights and interests with regard to this matter,
please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
Logo -
http://photos.prnewswire.com/prnh/20120215/MM54604LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-aruba-networks-inc-300044101.html
SOURCE Harwood Feffer LLP