Juan
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Ruckus
Wireless, Inc. (“Ruckus” or the “Company”) (NYSE:RKUS) for potential
breaches of fiduciary duties in connection with the sale of the Company
to Brocade Communications Systems, Inc. (“Brocade”) for approximately
$1.5 billion.
The Company’s stockholders will only receive $6.45 in cash and 0.75
shares of Brocade common stock for each share of Company common stock
they own. Based on the closing price on April 7, 2016, the transaction
values Ruckus at a price of $13.87 per share. However, this
consideration is below at least one analyst’s price target of $15.00 per
share.
Click here for more information: www.faruqilaw.com/RKUS.
There is no cost or obligation to you.
The investigation focuses on whether Ruckus’ Board of Directors breached
their fiduciary duties to the Company’s stockholders by failing to
conduct a fair sales process and whether and by how much this proposed
transaction undervalues the Company to the detriment of Ruckus’
shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients. To
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If you own common stock in Ruckus and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/RKUS
or contact Juan
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
685 Third Avenue, 26th Floor
New
York, NY 10017
Attn: Juan
Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
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