An investigation for investors in NASDAQ:ACTG shares over potential securities laws violations was announced and NASDAQ:ACTG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/04/2016 -- An investigation for shareholders of Acacia Research Corp (NASDAQ:ACTG) was announced concerning possible securities laws violations in connection certain financial statements.
Investors who purchased shares of Acacia Research Corp (NASDAQ:ACTG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Acacia Research Corp (NASDAQ:ACTG) concerning certain statements regarding Acacia Research's business, its prospects and its operations were materially false and misleading at the time they were made.
On March 14, 2016, ARC Acquisition Company, LLC and its affiliate Uniloc Luxembourg S.A. ("Uniloc") announced its communication to the Board of Directors of Acacia Research Corporation (NASDAQ: ACTG) of an offer to acquire all the outstanding shares of the Company at a price of $3.72 per share.
On March 16, 2016, Acacia Research Corp rejected the offer.
At least one analyst has set the high target price at $6.50 per share
Shares of Acacia Research Corp (NASDAQ:ACTG) grew on March 14, 2016, to as high as $3.92 per share.
On March 31, 2106, NASDAQ:ACTG shares closed at $3.80 per share.
Those who purchased shares of Acacia Research Corp (NASDAQ:ACTG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com