A lawsuit was filed by investor in shares of Oplink Communications, Inc (NASDAQ:OPLK) in effort to stop the proposed takeover and NASDAQ:OPLK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 12/10/2014 --An investor, who currently holds shares of Oplink Communications, Inc (NASDAQ:OPLK), filed a lawsuit in effort to halt the proposed takeover of Oplink Communications, Inc by Koch Industries, Inc for $24.25 per share.

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@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:OPLK stockholders by agreeing to sell Oplink Communications, Inc too cheaply via an unfair process to Koch Industries, Inc.

On November 19, 2014, Oplink Communications, Inc (NASDAQ:OPLK) 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 (NASDAQ:OPLK) in an all-cash transaction for approximately $445 million. Under the terms of the agreement, 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, the plaintiff claims that the offer is too low and undervalues Oplink Communications, Inc. Indeed, at least one analyst has set the high target price for NASDAQ:OPLK shares at $26.25 per share. Furthermore, Oplink Communications, Inc (NASDAQ:OPLK) 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. In addition, the plaintiff claims that the process is also unfair to NASDAQ:OPLK stockholder. The plaintiff alleges that defendants agreed to deal protection provisions, suchas a no-solication, a matching rights, and a 415.5 million termination fee provision, that preclude other bidders from making a successful competing offer for the company.

On December 8, 2014, NASDAQ:OPLK shares closed at $24.20 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