An investigation on behalf of investors in NASDAQ:OPLK shares over the proposed takeover by Oplink Communications, Inc was announced and NASDAQ:OPLK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/24/2014 -- An investigation for investors, who currently hold NASDAQ:OPLK shares, was announced concerning whether the takeover of Oplink Communications, Inc by Koch Industries, Inc for $24.25 per share is unfair.
On November 19, 2014, Oplink Communications, Inc and Koch Industries, Inc, announced that they have reached an agreement for Koch Optics, Inc., a wholly owned Koch Industries subsidiary, to acquire Oplink Communications, Inc in an all-cash transaction for $24.25 per share or approximately $445 million.
Investors who purchased shares of Oplink Communications, Inc (NASDAQ:OPLK) and currently hold any of those NASDAQ:OPLK shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Oplink Communications, Inc breached their fiduciary duties owed to NASDAQ:OPLK investors in connection with the proposed acquisition.
Under the terms of proposed transaction, Koch Optics will commence a tender offer and subsequent merger for all of the outstanding shares of Oplink Communications, Inc (NASDAQ:OPLK) common stock for $24.25 per share.
However, given that at least one analyst has set the high target price for NASDAQ:OPLK shares at $26.25 per share, the investigation concerns whether the offer is unfair to NASDAQ:OPLK stockholders. More specifically, the investigation concerns whether the Oplink Communications 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.
Oplink Communications, Inc shares grew from $12.28 per share in June 2012 to as high as $20.95 per share in August 2013. Oplink Communications, Inc reported that its Total Revenue rose from $174.93 million for the 52 weeks period that ended on July 1, 2012 to $204.78 million for the 52 weeks period that ended on June 20, 2014.
On November 20, 2014, NASDAQ:OPLK shares closed at $24.19 per share.
Those who are current investors in Oplink Communications, Inc shares 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