Acme Packet, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Oracle Corporation
February 15, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Acme Packet, Inc. (“Acme Packet” or the “Company”) (NASDAQ: APKT) breached its fiduciary duty to its shareholders in agreeing to sell Acme Packet to Oracle Corporation (NASDAQ: ORCL).
Under the terms of the agreement, Acme Packet shareholders will receive $29.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Acme Packet shareholders and the process by which the Acme Packet Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.