… And Harwood Feffer

Concerns whether the Brocade board of directors fulfilling fiduciary duties.

This is a Press Release edited by StorageNewsletter.com on November 3, 2016 at 2:37 pm

Harwood Feffer LLP is investigating potential claims against the board of directors of Brocade Communications Systems, Inc. concerning the proposed acquisition of the company by Broadcom Ltd.

Under the terms of the offer, Broadcom would acquire Brocade in a transaction valued at approximately $5.9 billion. Pursuant to the deal, Brocade stockholders will receive $12.75 per share in cash.

The investigation concerns whether the Brocade 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.