NEW YORK, Dec. 2, 2014 /PRNewswire/ -- The fairness of the proposed acquisition of Oplink Communications, Inc. ("OPLK" or the "Company") by Koch Optics Inc. ("Koch") is the subject of an examination by WeissLaw LLP, a national class action, shareholder rights law firm. The examination is focusing on possible breaches of fiduciary duty and other violations of law by the Board of Directors of OPLK for agreeing to sell the Company to Koch. On November 19, 2014, the Company announced it had reached a definitive agreement for Koch to acquire OPLK in a transaction valued at approximately $445 million. Under the terms of the agreement, OPLK shareholders will receive $24.25 in cash for each OPLK share they own.
WeissLaw is investigating whether OPLK's Board acted to maximize shareholder value prior to entering into the agreement. Notably, prior to the announcement of the deal, at least one analyst set a price target for OPLK of $26.25 per share – $2.00 above the price offered by Koch.
Given these facts, WeissLaw is investigating whether OPLK's Board of Directors acted in the best interests of OPLK's public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with Koch. If you own OPLK shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
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www.weisslawllp.com
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP