A lawsuit was filed for investors in shares of ARRIS International plc (NASDAQ: ARRS) in connection with the proposed takeover and NASDAQ: ARRS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/18/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of ARRIS International plc (NASDAQ: ARRS), filed a lawsuit against the takeover of ARRIS International plc.
Investors who purchased shares of ARRIS International plc (NASDAQ: ARRS) and currently hold any of those NASDAQ: ARRS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: ARRS stockholders by agreeing to sell ARRIS International plc cheaply via an unfair process.
Suwanee, GA based ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide.
On November 8, 2018, CommScope (NASDAQ: COMM) has agreed to acquire ARRIS International plc (NASDAQ: ARRS) in an all-cash transaction for $31.75 per share, or a total purchase price of approximately $7.4billion, including the repayment of debt.
However, plaintiff claims that the proposed consideration NASDAQ: ARRS shareholders will receive is grossly inadequate and undervalues ARRIS International plc. In addition, the plaintiff alleges that the process is also unfair NASDAQ: ARRS stockholders
Those who are current investors in ARRIS International plc (NASDAQ: ARRS) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.