Investors who purchased shares of the OPNET Technologies, Inc. (NASDAQ:OPNT)
The investigation by a law firm concerns whether certain officers and directors of OPNET Technologies, Inc. breached their fiduciary duties owed to NASDAQ:OPNT investors in connection with the proposed acquisition.
On October 29, 2012,Riverbed Technology (NASDAQ: RVBD) and OPNET Technologies, Inc. (NASDAQ: OPNT) announced that Riverbed Technology has entered into an agreement to acquire OPNET Technologies for $43 per share in cash and stock, representing an equity value of $1 billion and an enterprise value of $921 million.
However, At least one analyst has set the high target price for NASDAQ:OPNT shares at $42.00 per share. Furthermore, in November 2011 NASDAQ:OPNT shares traded as high as $46.71 per share. In addition, OPNET Technologies’
Therefore the investigation a law firm concerns whether the proposed transaction is unfair to NASDAQ:OPNT stockholders. Specifically, the investigation focuses on whether the OPNET Technologies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in OPNET Technologies, Inc. (NASDAQ:OPNT)