A lawsuit was filed for investors in shares of Nimble Storage Inc (NYSE:NMBL) in connection with the proposed takeover and NYSE:NMBL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/28/2017 -- The Shareholders Foundation announces that an investor, who currently holds shares of Nimble Storage Inc (NYSE:NMBL), filed a lawsuit against the takeover of Nimble Storage Inc.
Investors who purchased shares of Nimble Storage Inc (NYSE:NMBL) and currently hold any of those NYSE:NMBL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:NMBL stockholders by agreeing to sell Nimble Storage Inc too cheaply via an unfair process to Hewlett Packard Enterprise.
On March 7, 2017, Hewlett Packard Enterprise (NYSE:HPE) announced it has entered into an agreement to acquire Nimble Storage Inc. Hewlett Packard Enterprise will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion.
However, plaintiff claims that the proposed consideration NYSE:NMBL shareholders will receive is grossly inadequate and undervalues Nimble Storage Inc. Indeed, at least one analyst has set the high target price for NYSE:NMBL shares at $17.00 per share. In addition, the plaintiff alleges that the process is also unfair NYSE:NMBL stockholders
Shares of Nimble Storage Inc (NYSE:NMBL) closed on March 27, 2017 at $12.48 per share.
Those who are current investors in Nimble Storage 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