San Diego, CA -- (SBWIRE) -- 09/27/2017 -- An investigation was announced for investors, who currently hold NYSE:SSNI shares concerning whether the acquisition of Silver Spring Networks Inc by Itron, Inc for $16.25 per share is unfair.

Investors who purchased shares of Silver Spring Networks Inc (NYSE:SSNI) and currently hold any of those NYSE:SSNI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Silver Spring Networks Inc breached their fiduciary duties owed to NYSE:SSNI investors in connection with the proposed acquisition.

On September 18, 2017, Itron, Inc. (NASDAQ: ITRI) and Silver Spring Networks, Inc. (NYSE: SSNI) announced that they have signed an agreement for Itron to acquire all outstanding shares of Silver Spring for $16.25 per share in cash. The transaction is valued at approximately $830 million , net of $118 million of Silver Spring's cash.

However, given that at least one analyst has set the high price target for NYSE:SSNI shares at $19.00 per share, the investigation concerns whether the offer is unfair to NYSE:SSNI stockholders. More specifically, the investigation concerns whether the Silver Spring Networks 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.

Those who are current investors in Silver Spring Networks Inc (NYSE:SSNI) 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